Cheque bounce case
vasu
(Querist) 03 July 2012
This query is : Resolved
hello sir,
i have given rs.50,000 to a person.Then he had given me a cheque of rs.50,000. this had been done 6 months ago.
now i have presented the cheque in bank, it has been bounced because there is no sufficient balance in his account.
now how should i take action on him. i dont have any other evidence except the cheque which he had given. i gave the money to him without any interest. based on which section i should take action on him?
if i put a case on him much time it takes approximately. if i win the case according to which section he will be punished and also if he didn't pay the money how much time he will be in prison.
Arif Iqbal
(Expert) 03 July 2012
Consult an Advocate immediately,
You will have to first issue notice within 30 days from the date of cheque dishonour.
