Legal Question in Banking Law in India

I am told by my housing loan company that my cheque bounced and I immediate issued a fresh cheque. But they refuse to part with or show me my bounced cheque for me to verify what exactly was wrong with it. Is this a right practice on part of the housing loan company?


Asked on 10/30/10, 7:10 pm

2 Answers from Attorneys

Vishwa Arya Arya & Co.

well you should have issued the new cheque and taken the old bounced cheque back. The company could not have retained the old cheque with them

Read more
Answered on 10/30/10, 11:06 pm
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

You may demand back the bounced check as also the memo issued by bank giving reasons for returning your check.

Read more
Answered on 10/31/10, 7:50 am


Related Questions & Answers

More Banking Law questions and answers in India