Dear Sir/Madam,
One of the Ltd Company has issued two cheques against their liability to pay for the purchased goods by another LTD company.
One day before date of cheque to be deposited i.e. cheque dated 21st May they intimated on 20th may not to deposit cheque as there are changes made with their banker.
Even after such intimation of not to deposit cheques through email holder of cheques deposited cheques and dishonored with remark “Exceeds Arrangement”. Further, they have served demand notice in time.
But they (Drawer of cheque) have replied that they have intimated not to deposit cheques and they will pay in mean time by RTGS but no payment is made within 15 days period as per notice.
My query is that whether such intimation before depositing cheque is valid and whether same cause of action complaint under NI act can be filed or not???
