Legal Question in Banking Law in India

I had given financial help to one friend who had given me 2 cheques which got bounced and now he has asked for 2 days time to return the amount. In case he fails to return what is the procedure to send him legal notice please guide me


Asked on 3/23/13, 8:24 pm

4 Answers from Attorneys
Fca Prashant Chavan Expert Edge LLP

24.03.2013

Repeat query ... already answered.

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Answered on 3/24/13, 4:10 am
Jayesh Desai Jayesh Desai

You can issue notice u/s 138 of the Negotiable Instruments Act.

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Answered on 3/24/13, 5:15 am
J. Radhakrishnan independent Practice

If it is within one month, issue notice immediately by regd.post ack.due demanding him to pay the amount within 15 days. If he fails, file a complaint in the Magistrate Court in whose jurisdiction the cheque has been returned within one month from the expiry of 15 days of the receipt of notice by your friend. Better get the assistance of local lawyer.

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Answered on 3/24/13, 6:47 am


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