Legal Question in Banking Law in Pakistan
if a cheque is made stop payment by the account holder before the cheque is presented because the terms of the contract was not fulfiled by other party what is law for this
3 Answers from Attorneys
If a cheque is not honoured due to any reason, the party can bring criminal proceedings against the issuer thereafter court will decide whether proceeding against particular person in particular situation are triable or not. However, you are advised to file suit in civil court for specific performance of contract along with injunctions and damages to be on safer side.
It will be dishonored for sure and you can be accused of 489-F... You should take stay order against the cheque holder for encashing it.. Along with that you have to intimate the concerned SHO and senior police officials to not to lodge a FIR in case if the cheque is dishonored.. For more do consult me at [email protected]
Regards,
Related Questions & Answers
-
Respected Sir, I have the honor to write few lines for your favorable and... Asked 3/23/12, 3:51 am in Pakistan Banking Law
-
What should one do if debt collector company is harassing for UAE personal loan?... Asked 2/13/12, 2:08 am in Pakistan Banking Law
-
Sir i want to ask that can a bank lodge the FIR of 489F against the security cheaque... Asked 1/27/12, 5:09 am in Pakistan Banking Law
-
Can we file suit under section 9 (1) (2) & (3) of Financial Institutions... Asked 1/20/12, 11:55 pm in Pakistan Banking Law
-
Section 9 Sub-section 3 of Financial Institutions (Recovery of Finances) Ordinance,... Asked 1/12/12, 12:38 am in Pakistan Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
