LIVE Online Course on NDPS by Riva Pocha and Adv. Taraq Sayed. Starting from 24th May. Register Now!!
The Indian Constitution Courses

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Gopalaswamy   08 April 2021

Genaral information

Does Bank,gurentee is valid in case of bounced back cheque.is it not a crime if the cheque bounce back even it us unintentional


Learning

 2 Replies

SIVARAMAPRASAD KAPPAGANTU (Retired Manager)     09 April 2021

The query is confusing. Please post with facts of the case in a cogent manner.

G.L.N. Prasad (Retired employee.)     09 April 2021

When there is understanding in between payee and drawer of the cheque through compromise on a mode of acceptance, both can file such agreement and the payee can withdraw the case.   When case proceedings are running in a court, the drawer (the person that issued cheque) can only make his submissions and seek time for payment of such amount, and establish his real intentions.   It is up to the court to decide further course.  When the issue is on recovery, Courts seldom takes serious action. when drawer makes such payment.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Post a Suggestion for LCI Team
Post a Legal Query