Multicity cheques
prabhdeep singh
(Querist) 10 December 2012
This query is : Resolved
Hello,
There is a query.If i have lended someone some amount of money on the cheque basis.Does the new rule passed by RBI of multicity cheques makes some impact on my section 138 case.If i get the cheque bounced after 31st of december.
With regards
Prabhdeep Singh
ajay sethi
(Expert) 10 December 2012
has rhe borrower issued you a cheque ? if he has you cn apresent the said cheque after 31st December too . banks will honour the said cheques for some time . you can also ask borrower to issue you new CTC complaint cheque
prabhdeep singh
(Querist) 10 December 2012
yes he issued me a cheque..so if i get the cheque bounced after 31st dec will the bank accept it or my cheque is useless after that date.and i cant recover my amount by court case.
ajay sethi
(Expert) 10 December 2012
please read my reply . banks want seamless transaction . hence old cheques issued will be honoured by banks. if cheque is dishonoured then you can file complaint under section 138 NI
prabhdeep singh
(Querist) 10 December 2012
ok sir ...thanks a lot for your advise..So i need not to worry and can use my cheque for complaint under section 138 after the 31st dec..
ajay sethi
(Expert) 10 December 2012
yes you can do so .
Raj Kumar Makkad
(Expert) 11 December 2012
I also have similar opinion in this matter.
prabhdeep singh
(Querist) 11 December 2012
thanks raj kumar ji...Thanks for your opinion as i was worried that i would not be able to recover my amount after 31st december with section 138 complaint due to the cheque without ctc standards.
Raj Kumar Makkad
(Expert) 11 December 2012
You can very well recover your money even by filing the suit for recovery on the basis of said cheque and this shall remain reserved even after 31st December 2012.
