As we know from Jan 1st 2013, the old cheques will not be accepted.I was wondering,how this rule is going to impact the postdated cheques. 3 years back, one of my family friends borrowed 2 lakhs and issued 2 cheques for the same without date . Now he is refusing to repay the money, so thinking to cash the cheques, and if they bounce, planning to file a case.
After hearing the news abt the new norms, I am afraid that I'll be losing the chance to get my money back. I am an NRI and currently cannot travel to India. Initially I thought I can try cashing the cheques when I'm back to India in 2013.
Any suggestions or advice is greatly appreciated!!