Legal Question in Banking Law in India
Stop Payment of cheque
i have made stop payment of cheque and because of that it got bounce, what will be the result
Asked on 8/24/08, 3:23 pm
3 Answers from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
Re: Stop Payment of cheque
If you are liable to make payment of money represented by the cheque issued by you, the payee can initiate criminal proceedings against you after serving a notice of demand.
You are advised to send a letter of apology to the payee alonwith a bank draft for the cheque amount.
Answered on 8/24/08, 5:34 pm
J. Radhakrishnan
independent Practice
Re: Stop Payment of cheque
You will be issued notice under Sec.138 N.I.Act by the payee for the dishonour of cheque and further follow up under that Section
Answered on 8/25/08, 11:00 pm
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
Re: Stop Payment of cheque
depends on the other party whether he puts a case against you u/s 138 NI Act or not
Answered on 8/27/08, 8:15 am
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