Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Mayank Wadhwani   29 February 2024

Cheque bounce endorsement

If partial amount of cheque is received, what do we need to write at the back of the cheque before presenting it to bank? As per supreme court, we need to endorse it otherwise section 138 is not attracted. Is this true?


Learning

 4 Replies

T. Kalaiselvan, Advocate (Advocate)     29 February 2024

Your understanding is right.

You may have to clearly mention the actual amount to which you are entitled 

1 Like

Advocate Bhartesh goyal (advocate)     29 February 2024

Yes, you have to mention the amount you received partially. 

1 Like

Mayank Wadhwani   04 March 2024

what amount do I fill on the bank slip? the whole amount of cheque or the amount remaining not received

T. Kalaiselvan, Advocate (Advocate)     04 March 2024

If you have endorsed a amount in the cheque,  you may write the same amount in the challenged also. 


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register