Cheque bounce
Prashant
(Querist) 30 August 2019
This query is : Resolved
Hi all
I am the manufacturer and I had supplied goods with Rs 200000 to the dealer and he didn't make the payment for 9 months and at last he gave us the cheque of the total amount and those were bounced due to insufficient funds. And the next day I called him and asked for the payment he said give me another one month I will make the payment. But still he has not made the payment.
Now I wanted to send him a notice, but the lawyer said the time period to issue notice is within 15 days which I have missed.
Now what is the procedure furthur i can take to recover my money
Kindly guide me on this
Thank you
Dr J C Vashista
(Expert) 31 August 2019
Demand notice is to be issued within 30 days of dishonour of the cheque by giving 15 days time to make payment of the cheque amount or filing of complaint.
It would be better to consult a local prudent lawyer for appreciation of facts, guidance and proceeding .
However, if you are located in Delhi/ NCR and feel so, may contact me (on appointment) at: Chamber No 647, Lawyers Chamber Block, Dwarka Courts Complex, Sector 10, Dwarka, New Delhi-110075 Cell # 9891152939 email: majjagdish@yahoo.com
P. Venu
(Expert) 01 September 2019
If the cheque is still valid, you can present the same for collection. Else, you can file a money suit.