Legal Question in Banking Law in India
What action is to be taken if paty's cheque is bounched due to lower amount of money, criminal or civil and the relevant clause
Asked on 5/09/13, 8:48 am
3 Answers from Attorneys
dear client...
You need to send a legal notice and then file a comp case ...legal notice has to be issued within 15 days from the bank memo received... for any query mail me at [email protected]
Answered on 5/09/13, 9:43 am
Fca Prashant Chavan
Expert Edge LLP
10.05.2013
Dear Sir / Madam,
You should file a recovery case under Section 138 of the Negotiable Instruments Act.
Regards,
Answered on 5/10/13, 6:00 am
Jayesh Desai
Jayesh Desai
You can initiate bot, i.e. Civil Suit to recover the amount and Criminal Case u/s 138 of the N I Act.
Answered on 5/12/13, 9:40 am
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