Legal Question in Banking Law in India

if the post dated cheque presented after 2 years , bounces . What are the implications ?..

Also after loan is closed , how long to does it take for the name to go from CIBIL ?..


Asked on 4/13/12, 1:20 am

1 Answer from Attorneys
Santosh Dash Legal Consultant

After 2 years from which date? Is it 2 years after the cheque date, if yes, the check is invalid.

If loan is closed, why dont you cancell the check and give one stop payment? CIBIL- it depends and range from 6m-1yr

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Answered on 4/13/12, 2:51 am


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