vipinfo 26 December 2017
Hello Everyone,
I received a cheque from someone and when I presented this to the bank, they are saying that the account is a no debit account so the cheque cannot be taken for clearance.
What can I do, what are the laws to bounce the cheque and initiate legal proceedings?
Siddharth Srivastava (Advocate) 26 December 2017
As per law, the cheque dishonoured for any reason attracts prosection u/s.138 N.I.Act. So consult a lawyer and proceed.
Sankaranarayanan (Advocate) 27 December 2017
yes you approach a local lawyer and issue a notice as per the lawyer advise
vipinfo 27 December 2017
Thanks everyone but my bank manager is not giving me memo that is evidentory proof for the cheque to be called bounced. I guess I will have to present the cheque to any other bank which could give me receipt or evidentory proof of bounce.
Law Aspire (Legal) 28 December 2017
some document must be provided by the Bank in the proof. How we consider it as No debit
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