Please find the below case.
One party A issued a current dated cheque to Party B.
Party B deposited the same in bank and the cheque got returened from bank with reason insufficient funds with cheque return memo.
What legal action Party B should take with party A?
Leap into action as expeditiously as possible by contacting a trusted advocate and issue him a mandatory notice under sec.138 NIA. Do not wait for guidance from others and waste further time.
First you send him a legal notice u/s. 138 (b) n.i. act in one month and gave him fifteen day for payment if he fail the payment in time then you file a complaint against him in 30 days.
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