What Is The Procedure When The Debtor Issued A Cheque And I Gave It To My Creditor And It Bounced?
What is the procedure when the debtor issued a cheque and I gave it to my creditor and it bounced?
Free Legal Advice - cheque bounce
Posted by: nitin sachdeva
Posted on: 2018-09-12
The debtor is not liable for the bounced cheque to the creditor, however he would still need to settle those dues. As far as the drawer of the cheque is concerned, a demand notice has to be issued and the appropriate proceedings taken out, though it will have to be in the name of the payee of the cheque. The debtor could have the creditor sign a power of attorney authorizing you to file the cheque bounce case, for which lawtendo can be of the best assistance.
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