property registry cheque bounces.
1 year ago
we have sold 2 lands and the joint buyers gave toal 6 cheques to us. The same cheque number is mentioned on the registry.
among 6 cheques: 2 cheques are bounced 2 times due to signature mismatch.
what should we do next?
can we ask the buyer to pay via RTGS? (as we are in a different city)
if RTGS is possible then what happens to the registry which mentions the cheque number on it? (as we need to invest in 54EC capital gain tax saving bonds.)
A.Dear Sir,
First get issue a legal notice within 30 days of bounce otherwise they become invalid. Then file a cheque bounce case then only he may pay. There are no chances that he will pay voluntarily.
First get issue a legal notice within 30 days of bounce otherwise they become invalid. Then file a cheque bounce case then only he may pay. There are no chances that he will pay voluntarily.
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A.Hello,
There is not a big issue if your cheque is get bounced with a signature mismatch. First of all, you should contact the drawer. And tell him about the signature mismatch and get a new cheque with a proper and valid sign and present that cheque again. You will see that your cheque will clear or if not cleared then it can be signed intensionally and if it is intentionally done then it can be punishable.
According to the Supreme Court rule that a mismatch of signatures will be treated the same as insufficiency of funds, “payment stopped” and “closure of account”, which are offenses under Section 138 of the Negotiable Instruments Act, 1881, in case a cheque bounces.
There is not a big issue if your cheque is get bounced with a signature mismatch. First of all, you should contact the drawer. And tell him about the signature mismatch and get a new cheque with a proper and valid sign and present that cheque again. You will see that your cheque will clear or if not cleared then it can be signed intensionally and if it is intentionally done then it can be punishable.
According to the Supreme Court rule that a mismatch of signatures will be treated the same as insufficiency of funds, “payment stopped” and “closure of account”, which are offenses under Section 138 of the Negotiable Instruments Act, 1881, in case a cheque bounces.
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