Stop payment of the chaque which got bounce twice due to in


Respected Lawers 

My client issued me a cheque and got bounced due to fun in sufficient. But third time the cheque got bounce due to stop payment.

I want to ask can the Bank accept stop payment request for the cheque that got bounce twice due to fund in sufficient. 

What are the provision in law

 
Reply   
 

Cheque dishonoured due to reason of " funds insufficient " and " stop payment " both. grounds attracts sec 138 of N.I.Act, initiate proceedings under the Act.
 
Reply   
 


Legal Associate

Originally posted by : pawan
Respected Lawers 

My client issued me a cheque and got bounced due to fun in sufficient. But third time the cheque got bounce due to stop payment.

I want to ask can the Bank accept stop payment request for the cheque that got bounce twice due to fund in sufficient. 

What are the provision in law

Yes bank can do that.

What provision of law are you lookin for?

What is the amount? Can you specify.

 
Reply   
 
CEO

I agree with Bhartesh Goyal.Cheque Dishonoured for insufficient funds and stop payment attracts section 138.NI Act.

 
Reply   
 

Go with Bhartesh Goyal ji.
 
Reply   
 

Go with Bhartesh Goyal ji.
 
Reply   
 

THE AMOUNT IS 75341.00 ONLY. I WANT TO TO ASK  WHAT IS THE RESPONSIBILITIES OF BANK ONCE THE CHEQUE GOT BOUNCED DUE TO FUND INSUFFICIENT AND SAME CHEQUE AFTER THREE TIME RETURN GOT A REASON STOP PAYMENT. CAN A BANK ACCEPT REQUEST LIKE THIS . AND IF THE PARTY IS FRAUD CAN A BANK SUPRESS KYC (KNOW YOUR CLIENT) DETAIL OF HIS CLIENT.

 
Reply   
 

THANK YOU SIR

 
Reply   
 

I agree with Bhartesh Goyal.Cheque Dishonoured for insufficient funds and stop payment attracts section 138.NI Act. 

 

 
Reply   
 

LEAVE A REPLY


    

Your are not logged in . Please login to post replies

Click here to Login / Register  



 

Search Forum:








×

  LAWyersclubindia Menu

web analytics