Legal Question in Banking Law in India
I am told by my housing loan company that my cheque bounced and I immediate issued a fresh cheque. But they refuse to part with or show me my bounced cheque for me to verify what exactly was wrong with it. Is this a right practice on part of the housing loan company?
Asked on 10/30/10, 7:10 pm
2 Answers from Attorneys
Vishwa Arya
Arya & Co.
well you should have issued the new cheque and taken the old bounced cheque back. The company could not have retained the old cheque with them
Answered on 10/30/10, 11:06 pm
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
You may demand back the bounced check as also the memo issued by bank giving reasons for returning your check.
Answered on 10/31/10, 7:50 am
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