As against the sale deed we had issued some post dated cheques to the seller, but when he deposited cheques they got dishonoured ,
by the remark funds insufficient , but we after receiving the intimation from bank ,approx after 16 days of bouncing of cheques, we had deposited the
cheque amount to the bank, But to our surprise the owner has sent us notice under N.I.Act section 138, after 15 days of receiving the amount in the bank.
in the notice he is cancelling the sale deed as per the clauses in the deed ; deed states that if the cheques are bounced the deed get cancel ;
and stated that we had deposited the cheque amount against his wish .We cant find any legality in sending the notice to us .
What option we have now Kindly guide in the matter.