I was issued a cheque for INR 1,00,000 by a real estate person to refund my advance amount for not delivering my property. I submitted the cheque to the bank and it came back as "Cheque Rejected: Account Closed".
Please advice if this qualifies under "Cheque dishonor" u/s 138 NI and can I issue a notice regarding the same?
Thanks for your valuable inputs. Can you please elaborate on "other criminal cases against the builder'? I know for certain that he has not paid back many other members, but not sure if he issued cheques which bounced.