Legal Question in Banking Law in India

what is the proceeding for bounced cheque and how to get the payment?


Asked on 2/20/11, 7:57 am

4 Answers from Attorneys
Aniruddha Pawse Aniruddha.P.Pawse Advocates

if limitation permits give legal notice thru an advocate and if amount is not paid after issuing notice file case u/s 138 N.I.Act

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Answered on 2/20/11, 9:52 pm
J. Radhakrishnan independent Practice

issue notice by RPAD within 30 days of the receipt of information from your bank regarding return of cheque from the drawer, directing him to pay the cheque amount within 15 days of the receipt of notice. If u don't receive payment, file a complaint to the local magistrate within one month from the expiry of 15 days of time given to the drawer. Take the assistance of local lawyer in this exercise.

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Answered on 2/21/11, 6:27 am
Professor SOMNATH MUKHERJEE MUKHERJEE ASSOCIATES(Cell +91 9874753359/ 9477781578)

the above observation is right.

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Answered on 2/21/11, 6:46 am

Yes explained well. The only thing left is to consult your local lawyer to start the proceedings

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Answered on 2/21/11, 10:21 am


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