Cheque bounce
5 years ago
We have supplied materials to XXX Packaging Pvt LTD., This company has to pay bills close to 3 Lakh. They have issued 10 mutiple cheques of 30000 per month. All the cheques got bounced due to insufficient funds. It's been almost a year now and company is refusing to pay the amount. We did not send legal memo, what would be the procedure to tackle this. Please advise.
Deepak Yashwantrao Bade
Responded 4 years ago
A.dear client in your matter i agreed on advice given that You can file a civil suit for recovery of money with interest.kindly contact for detail procedure.
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A.Your limitation period for taking action under NI Act is over. You have to file a money suit.
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Johnson Thangiah
Responded 5 years ago
A.Sir,
Produce the instrument for another collection.
Produce the instrument for another collection.
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Nirmal Chopra
Responded 5 years ago
A.You can file a civil suit for recovery of money with interest.
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ANIL KUMAR PC (Notary)
Responded 5 years ago
A.A legal notice should be send with in 30 days from the date of receipt of bank memo.
if not send legal notice, you cannot file a case under section 138 of NI Act
but definitely,you can file a civil case against him. But that too with in 3 years.
For better clarification,please take anointment.
if not send legal notice, you cannot file a case under section 138 of NI Act
but definitely,you can file a civil case against him. But that too with in 3 years.
For better clarification,please take anointment.
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NILANJAN CHATTERJEE
Responded 5 years ago
A.Send them a legal Notice and demand for such pending amount. If still they don't answer you in that case you can file a cheque bounce case under section 138 of N.I. Act.
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