Legal Question in Banking Law in India

HI,

I received a cheque of Rs. 4 lack (Approx) and I t was bounced by the party (single party). I informed him 2 times. Due busy my schedule I can�t make follow up.

Now its too late to give a notice because the time passed of approx Two years.

The question is of my reputation because the credit was made on behalf of me.

Please guide me how can I recover my money form him.


Asked on 3/31/11, 3:41 am

2 Answers from Attorneys
Sanjay Kalra Sanjay Kalra & Associates

What was the reason for the party to issue cheque in your favour ? Was it to discharge liability towards you ? You can still file a suit for recovery u/o 37 cpc to recover your amount . So dont panic as the limitation to recover your cheque amount is three years .

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Answered on 3/31/11, 3:49 am
J. Radhakrishnan independent Practice

you can file suit in Civil court for the amount due tp you on the cheques and attach his properties. Take the assistance of a local lawyer and proceed.

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Answered on 3/31/11, 4:31 am


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