A party has issued me a non CTS check of OCT 2013 earlier. Recently the checks given by the same party are bouncing due to non availability of funds and I have put 138 case against him for those checks.
But at present non-CTS checks are valid but to my understanding those will not be valid in OCT 2013 as of now.
I have already sent a request to party to give me CTS -2010 complient check but there is no response.
As the check is high value I want to attempt to encash it on due date and if it bounces I want to put 138 case, but practically to my understanding I can not submit the non-CTS check to bank for clearance in OCT 2013. Also I am not likely to get the replacement check. How can I handle such situation. Please suggest the way out. I am sure there will be some else mny bad folks will mis-use CTS implementation cycle.