dinesh don 12 April 2024

Cheque bounce

I have signed cheque without any filling. The payee doesn't have any money and doesn't have any asset too. He has to pay 5L to me. Is it possible to recover the money? Is he get jail?

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Quick Summary

This discussion addresses a situation where a blank cheque was signed, and the payee lacks the funds or assets to repay a 5 lakh debt. The user is seeking advice on whether they can recover the money and if the payee could face jail time. Clarification is sought regarding the role of the payee in a cheque bounce scenario.

2 Replies

T. Kalaiselvan, Advocate (Advocate) 12 April 2024

Why did you sign the cheque when you are the payee.

The payee do not have to have any money in his account because he is the person who has to receive the money, so don't get confused and write the question properly so that you will get proper opinion to your problem.