Legal Question in Banking Law in India

I met with a property agent, he said he will help me to get bank auction property.

i paid him 7000 cash & cheque 35000 in return as surety he gave 7000& 35000 cheque. after 3 mts i came to know he is fooling around. i deposited cheque but due to insufficient fund cheque got bounce. can you advise me how to move ahead.

Ajit 9821882043


Asked on 3/02/11, 10:45 am

1 Answer from Attorneys
J. Radhakrishnan independent Practice

If one month from the date of return of cheque has not expired, immediately issue demand notice under RPAD to the property agent to pay within 15 days of the receipt of notice, If he fails then file complaint to local magistrate under Sec.138 of the Negotiable Instruments Act, within one month from the expiry of 15 days of service of notice on the agent.

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Answered on 3/02/11, 11:50 am


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