Cheque bounce Cheque bounce

3 years ago

We have started a online B2B business,one of customer shown cheque counter slip and handed over stock worth rps 70000,next day cheque got bounced due to insufficient funds,wehave lost stock

Shreesh Chadha

Responded 3 years ago

A.You need to act immediately. You have to send legal notice within 30 days of cheque bounce. You have a good case, as goods were provided by you, you will receive amount back with interest.

To secure yourself, file a police complaint against the person under Section 420 etc. IPC.

Adv. Shreesh Chadha
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Anish Palkar

Responded 3 years ago

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A.1) The stock of rupees 70000 must have been delivered to some address...... go to the address and get back your goods immediately .....
2) .file police complaint to your nearest police station or the online complaint FIR for cheating and breach of trust...
3) As the cheque has been bounced immediately send legal demand notice under section 138 of negotiable instruments act through a lawyer.. do not delay any further it may result to loss

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ADV. ANISH PALKAR (High Court)
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