Respected Lawers
My client issued me a cheque and got bounced due to fun in sufficient. But third time the cheque got bounce due to stop payment.
I want to ask can the Bank accept stop payment request for the cheque that got bounce twice due to fund in sufficient.
What are the provision in law
I agree with Bhartesh Goyal.Cheque Dishonoured for insufficient funds and stop payment attracts section 138.NI Act.
THE AMOUNT IS 75341.00 ONLY. I WANT TO TO ASK WHAT IS THE RESPONSIBILITIES OF BANK ONCE THE CHEQUE GOT BOUNCED DUE TO FUND INSUFFICIENT AND SAME CHEQUE AFTER THREE TIME RETURN GOT A REASON STOP PAYMENT. CAN A BANK ACCEPT REQUEST LIKE THIS . AND IF THE PARTY IS FRAUD CAN A BANK SUPRESS KYC (KNOW YOUR CLIENT) DETAIL OF HIS CLIENT.
I agree with Bhartesh Goyal.Cheque Dishonoured for insufficient funds and stop payment attracts section 138.NI Act.