Legal Question in Banking Law in India
I am planning to sale my web design company. So one of the uk client interested to buy my company. He was send one chq nationwide bank uk to direct my bank in India its nearly 2,49000GBP. This chq my bank parsons deposited my account last 15days bank but that chq is bounce the reason insufficient founds. So how to take action about this?
Asked on 5/19/10, 1:36 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
you cannot take action against the UK client in India. If they have any agent here, you can take action. In any case, do not sell the web design company as the client has failed to pay the price. You can treat the contract as cancelled.
Answered on 6/02/10, 2:35 am
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