Customer not paying dues since 2017. We've SBBJ cheque but bank merged with SBI
11 months ago
we've SBBJ cheque from customer. SBBJ is merged with SBI in 2018. What legal action we can take to recover money as customer is not paying dues.
A.Good evening!
The time period for filing a suit for money recovery is 3 years from the date when the cause of action arises. As the limitation period has already expired, it would be hard for you to recover the money due. You can however contact an advocate to look for other possibilities if any.
The time period for filing a suit for money recovery is 3 years from the date when the cause of action arises. As the limitation period has already expired, it would be hard for you to recover the money due. You can however contact an advocate to look for other possibilities if any.
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A.Dear Client,
Although the contents of your query appear to be insufficient, it is to inform you that in case of a merger of one Bank with other Bank, Customer is not affected in any way. Customer or Creditor has to comply with few hassle free procedure to activate the transaction of bank account of erstwhile bank that marged with the SBI which in one of the largest Public Sector Bank of the country.
In case the cheque amount is found insufficient in the customer's account on presentation of cheques in the Bank, you have to inform the customer in writing regarding dishonor of cheques issued for insufficient fund. And if the customer did not pay any heed to your information, your should represent the cheques once again in the Bank for encashment and again on its dishonor for the same reason, serve a legal notice through an Advocate, and file a case under Sec.138 of N I Act, 1938 against the Customer for recovery of your dues with interest, cost of litigation etc in the appropirate Court having jurisdiction over the matter.
Although the contents of your query appear to be insufficient, it is to inform you that in case of a merger of one Bank with other Bank, Customer is not affected in any way. Customer or Creditor has to comply with few hassle free procedure to activate the transaction of bank account of erstwhile bank that marged with the SBI which in one of the largest Public Sector Bank of the country.
In case the cheque amount is found insufficient in the customer's account on presentation of cheques in the Bank, you have to inform the customer in writing regarding dishonor of cheques issued for insufficient fund. And if the customer did not pay any heed to your information, your should represent the cheques once again in the Bank for encashment and again on its dishonor for the same reason, serve a legal notice through an Advocate, and file a case under Sec.138 of N I Act, 1938 against the Customer for recovery of your dues with interest, cost of litigation etc in the appropirate Court having jurisdiction over the matter.
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