Legal Question in Banking Law in India
when cheque is revaluedated either within 6 months or next date after after six months or any other date please give clarity
Asked on 5/19/11, 3:37 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
The question of revalidating the cheque within six months of its issue does not issue if a private party has issued the same. Only a fresh cheque can be demanded if the cheque issued by him is not presented within six month from the date of its issue. If the cheque has been issued by a Bank, then it can be requested to revalidate it if it is not presented within six months from the date of issue.
Answered on 5/23/11, 6:39 am
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