Legal Question in Credit and Debt Law in India

Regarding Cheque Bounce

Hi,

My friend borrowed money RS.1.66 lacks, he give two Cheque�s one is Rs. 11000/- and Rs 1, 55, 000. Both the Cheque got returned when I presented in the Bank saying �Funds insufficient�. When I am trying to reach him, He is not responding. Both the Cheque�s are more than one month old and I have represented only once. Could you please let me know what kind and legal actions I can take against him?


Asked on 2/18/09, 7:13 am

2 Answers from Attorneys
Homi Maratha N.N. Maratha & Co.-Advocates

Re: Regarding Cheque Bounce

Hello.

Good Evening.

You may deposit the cheque one more time in the Bank and when you receive the acknowledgment you may issue a legal notice u/s 138 of the NI Act with the help of a local lawyer.

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Answered on 2/18/09, 7:41 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: Regarding Cheque Bounce

You may take appropriate steps in accordance with Section 138 of the Negotiable Instruments Act.

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Answered on 2/18/09, 9:56 am


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