Legal Question in Real Estate Law in India

I sold my flat at a sale consideration of Rs. 1,50,00,000/- . The buyer has paid 1.5 lakh as cash & Rs.2 lakh, 4.5 lakh & 8 lakh as cheque to me as bayana in an agreement.

Now cheque of 4.5 lakh is bounced, what can i do?


Asked on 5/10/12, 4:30 am

4 Answers from Attorneys
Santosh Dash Legal Consultant

Get bounced note from your bank, send notice and follow the procedure of NI Act

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Answered on 5/10/12, 4:33 am
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

you may send a notice to the buyer but before that, contact him and ask for the payment. in case he is reluctant to do that, you may adopt the court procedure.

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Answered on 5/10/12, 5:29 am
ranganathan raghavachari R.Ranganathan & Associates

You have several remedies for this. 1) Sec 138 NI Act for cheque bounce. 2) Cancel the agreement. 3) Demand payment in cash with interest. For any advice contact me at [email protected]

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Answered on 5/10/12, 10:19 am
Shrichand Nahar S.V.Nahar, Advocate

Take appropriate legal recourse.

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Answered on 7/17/12, 10:54 pm


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