Legal Question in Banking Law in India

cheque bounce

I deposit a transfer cheque at axis bank punjabi bagh agst.my clearing but it not transfer by bank at a time thats why my cheque bounced, and I tolrate a big penalty.

so which mistake by sight.


Asked on 6/20/08, 11:09 am

4 Answers from Attorneys
J. Radhakrishnan independent Practice

Re: cheque bounce

If you have issued a cheque expecting the credit for the cheque in your favour for collection and if due to the delay in collection and credit of the cheque in your favour, the cheque issued by you bounced, explain the mishap to the payee of your cheque and ask him to present it again when the proceeds of the cheque in your favour are credited. For any unusual delay in the collection of your cheque, hold your bank liable.

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Answered on 6/20/08, 9:43 pm
G. M. Gupta gmguptaandassociates

Re: cheque bounce

mistake of bank and bank should pay for it

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Answered on 6/23/08, 8:04 am
Aniruddha Pawse Aniruddha.P.Pawse Advocates

Re: cheque bounce

You can write to the Bank stating the facts and loss caused to you.

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Answered on 6/22/08, 12:34 pm
Homi Maratha N.N. Maratha & Co.-Advocates

Re: cheque bounce

You may contact the Bank and sort out the transfer problem and contact the party whom you have issued the cheque as well.

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Answered on 6/20/08, 1:59 pm


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