A person had given me a cheque for 20 lakhs on 30/5 which is due to expire on 30/8. In the meanwhile he deposited 10 lakhs in my account.He still has to pay me 10 lakks remaining.He is not responding to my calls or messages.Can I deposit the 20 lakhs cheque or proceed legally
2 Answers from Attorneys
yes you may deposit the cheque as you have a legally recoveable debt within the meaning of chapter 17 of the Negotiable Instruments Act. To know us better, please click on the links below:
Dear Sir / Madam,
Already answered ... repeated again for clarity purposes only.
You have two options :
a) to immediately deposit the cheque of Rs. 20 lakhs into your A/c, wait for it to realize, and then issue a cheque of Rs. 10 lakhs to the opposite party or;
b) return the cheque of Rs. 20 lakhs to the opposite party and since the opposite party has already paid you Rs. 10 lakhs, take a cheque of Rs. 10 lakhs from the opposite party and immediately deposit it into your account and close the matter.
Related Questions & Answers
From where i have to find it out the details of Ashant Dhara, Ahmedabad, Gujarat Asked 8/06/13, 6:02 am in India Real Estate and Real Property
What is the role of real estate Broker in buying property? See more luxury flats at:... Asked 8/06/13, 5:32 am in India Real Estate and Real Property
Orbit Corporation defaults on 96 crore loans - The Economic Times... Asked 8/06/13, 12:02 am in India Real Estate and Real Property
My husband has bought a flat in his name. But both of us share the EMI equally. Also... Asked 8/05/13, 11:43 pm in India Real Estate and Real Property
Gentlemen, This is Vinoth from chennai and I have a genuine request. We have a... Asked 8/05/13, 1:31 pm in India Real Estate and Real Property