Legal Question in Banking Law in India

Re: Notice recieved

If the result of negotiation is evidenced in writing signed by the payee undertaking to return the cheques for which he has issued notice, then no reply to his earlier lawyer's notice is necessary. If there is no sufficient documentary proof binding him to return the cheques, it is advisable that you the drawer should issue a reply notice setting out the agreement to return the cheques and not to precipitate the case on bouncing.

Re: Notice recieved

If the result of negotiation is evidenced in writing signed by the payee undertaking to return the cheques for which he has issued notice, then no reply to his earlier lawyer's notice is necessary. If there is no sufficient documentary proof binding him to return the cheques, it is advisable that you the drawer should issue a reply notice setting out the agreement to return the cheques and not to precipitate the case on bouncing.

Re: Notice recieved

If the result of negotiation is evidenced in writing signed by the payee undertaking to return the cheques for which he has issued notice, then no reply to his earlier lawyer's notice is necessary. If there is no sufficient documentary proof binding him to return the cheques, it is advisable that you the drawer should issue a reply notice setting out the agreement to return the cheques and not to precipitate the case on bouncing.

Re: Notice recieved

If within the NOTICE PERIOD, you receive the original cheque back with a writing that the matter is settled, you may ignore the notice. You may obtain the writing on the back of the cheque or separately.

Re: Notice recieved

If the original cheque is received by you the matter will close. However, as a matter of abundant caution you may choose to write him a letter stating the discussion had amongst you.