What Is The Procedure When A Cheque Dated The Previous Year Bounced And One Came To Know About It The Subsequent Year?

What is the procedure when a cheque dated the previous year bounced and one came to know about it the subsequent year?

Free Legal Advice - cheque bounce

Posted by: hemant kataria

Posted on: 2018-09-12

Deposit the cheque and if it bounces by the Bank, that is it showed "insufficient funds", then Bank will be liable to give the endorsement. Within 15 days of receiving this endorsement, a legal notice must be sent to the defaulter giving him 30 days time to make the payment. If within 30 days he/ she does not make payment then one can proceed with filing of a Complaint as per the Negotiable Instruments Act.

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at Lawtendo.com and has been responded by one of the cheque bounce at Lawtendo.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at Lawtendo.com or book a Detailed Consultation with a Lawyer of your choice to address your query in detail. .

Talk to Top Rated Lawyer

Some issues just cant wait. If you need a resolution right away, then use our quick consult option to speak with our Lawtendo lawyers immediately at a small fee of Rs 600.

Talk to a Lawyer

What Is The Procedure When A Cheque Dated The Previous Year Bounced And One Came To Know About It The Subsequent Year?