Legal Question in Banking Law in India
please help me out
I gave Rs 1,00000/- to a person for some business and in turn he gave me same amount of blank dated cheque as security for my money. Now, I am transfered to some other place and he has also moved to some unknown place and has changed his mobile numbers. Please sugest
1 how to recover my money as I doubt he might not have enough amount in his account?
2 Can I ask same bank (but different branch in which i too have an account) to honour the cheque only if sufficient fund is available in his account so that cheque bounce is avoided?
3 finally if i have to register a case in the event the cheque baunces, then what is the proceedure and can the person be traced as per the address provided to the bank?
4
3 Answers from Attorneys
Re: please help me out
You have no choice other than to present the cheque for encashment. Let the bank refuse it for insufficient funds.
In case of cheque(s) bouncing back, you have to file a complaint u/s 138 of Negotiable Instrument Act. Take the help of an attorney for this.
Re: please help me out
If nearby contact personally or contact a local lawyer.
Re: please help me out
consult your local lawyer and proceed as per his advice.
Related Questions & Answers
-
Cheque Bounce I got a salary cheque from my employer after alteraction and i left... Asked 7/25/08, 6:56 am in India Banking Law
-
Loan from Private bank Hi, I have taken a loan from one of the Private bank in... Asked 7/22/08, 4:03 am in India Banking Law
-
Wills+joint account+either or survivor account if a person is having certain bank... Asked 7/20/08, 3:36 pm in India Banking Law
-
Hindu Undivided Family What precautions to be taken for mortgaging the property... Asked 7/20/08, 11:37 am in India Banking Law