Legal Question in Banking Law in Pakistan
bounced cheque
my friend gave me a cheque which was bounced an year before but i did not took legal action at that time. is it still valid and am i still be able to take legal action on it?
1 Answer from Attorneys
Re: bounced cheque
there are two question 1, you have a money claim against your friend and you want to sue for that, second he gave you a cheque which was bounced for reason not mentioned here, and you wish to take action for that cheque being bounced.
for the money claim you can file suit for recovery, if for the cheque being bounced you wish to sue him for that too, you may do that as well.
please note that very carefully , if you make the cheque the basis for you claim and file a civil summary suit under Order 37 cpc, it will bring result very soon.
Related Questions & Answers
-
Banking Law and Practise Can a joint account be converted to an individual account? Asked 6/19/09, 2:45 am in Pakistan Banking Law
-
Forged cheque My father had a cheque of someone he gave loan to, after several... Asked 6/04/09, 3:11 pm in Pakistan Banking Law
-
Banking law what is the punishment if the cheque bounce back in pakistan banking law Asked 5/09/09, 3:58 am in Pakistan Banking Law
-
Exipre cheques Do cheques have an expiry day according to pakistan banking law. Asked 4/24/09, 5:50 am in Pakistan Banking Law