Legal Question in Banking Law in India
Hello, The buyer of our property gave us a cheque. When we deposited the cheque in our bank, it was returned with reason as signature mismatch. What steps should we take now (as buyer is delaying a lot now)? Can the same cheque be used again with proper signature from the buyer (if possible)?
Asked on 7/18/16, 7:45 am
2 Answers from Attorneys
Dr Katta Venkata Rama Krishna
Drkattavrk
1) Yes. The same cheque can be reused if it is not stale. Ask the drawer to sign again properly and present again.
2) If not, file case u/s 138 of NIA for dishonor of the cheque.
Answered on 7/18/16, 10:28 am
Fca Prashant Chavan
Expert Edge LLP
19.07.2016
Dear Sir / Madam,
It is advisable and recommended to obtain a fresh cheque from the buyer.
Regards,
Answered on 7/18/16, 6:59 pm
Related Questions & Answers
-
S.b. a/c was opened in name smt Annamma w/o late gaggaiah in the syndicate bank,... Asked 7/17/16, 5:06 am in India Banking Law
-
What is use of Adhesive stamp and its use on loan documents? Asked 7/16/16, 11:52 pm in India Banking Law
-
Can a bank manager refuse to receve a letter by hand from the bank custmer Asked 7/16/16, 2:12 am in India Banking Law
-
Dear experts I hold a credit card it's outstanding is 1.37lakh, due to unemployment... Asked 7/15/16, 9:00 am in India Banking Law
-
My building was undertaken by builder for redevelopment in 2008 under DCR in... Asked 7/13/16, 11:54 am in India 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.
