Legal Question in Banking Law in India

i paid amount by cheque to my friend of amount of 150000/-. he tell me he return me my money in six month.

but after one year i am not received my money. Then he give me rs.25000/- cheque and one without amount cheque (two cheque).

but frist cheque (25000/-rs.) return by bank for reasons " fund insufficient" then second cheque return by bank reasons " payment stopped by drawer"

how to do now ?

please tell me


Asked on 1/31/11, 8:39 pm

2 Answers from Attorneys
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

you may send him a legal notice under negotiable instruments act within one month of bouncing of cheque and upon non payment, file a complaint.

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Answered on 1/31/11, 9:24 pm
J. Radhakrishnan independent Practice

send notice by RPAD within 30 days of return of either cheque to pay the amount due with interest at 18% p.a. within 15 days of the receipt of notice. In case he fails to do so, file a case in the local magistrate court within one month after the expiry of the 15 days time set out above. Take the assistance of local lawyer in this exercise.

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Answered on 2/01/11, 5:59 am


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