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.

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 banker 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, 9:19 pm

1 Answer from Attorneys

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Answered on 2/03/14, 6:01 pm


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