Legal Question in Banking Law in India
Hello,
I have booked a flat and for that purpose I have give 3 cheques to a builder.
Builder hasnt yet given allotment letter of the flat. He has given me only the xerox copies of the cheque, nothing else.
I have requested the builder within 5 hours of booking that I would like to cancel my booking, so please do not deposit my cheque in bank.
The builder is keen to send the cheque for payment even after I have asked him not to do so.
To be on safer side, I have requested bank to stop payment for those 3 cheques.
Is it ok to do this?
Is there any legal liability on me?
Asked on 2/02/14, 9:23 pm
1 Answer from Attorneys
anuradha Dixit +9312411481
dixitlawfirm
no you can stop the pasyment of the cheque.send a letter to the builder apprising him of the reason of your stop payment also mention that you have no liablity to pay him the amount.
Answered on 2/03/14, 5:57 pm
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