Legal Question in Banking Law in India

First issue notice within 30 days of the receipt of bouncing of cheque, demanding payment. If it is not responded helpfully, then you can go in for complaint after the expiry of 15 days of the date of receipt of notice by the drawer, within one month from such date.

28.12.2012

Dear Sir / Madam,

It is a clear case of the bank having faltered and the bank has to be taken to task first. The bank cannot return the cheque unpaid with the reason 'drawer's signature to operate account not received' since it is a basic prerequisite to obtain the A/c holders signature whilst opening the account. The bank seems to be in collusion with the drawer of the cheque. Also lodge a case under Section 138 of the Negotiable Instruments Act against the drawer for swift action.

Regards,

FCA Prashant Chavan

Mumbai

You have two remedies 1) Civil under/order 37 CPC and 2) under the Negotiable Instrument Act .....Please check Sanjay Kalra and Associates on the internet to know more about our law firm and the legal services we are rendering for our clients from all over the World.

yes you can

Yes