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Cheque Bounce of 37000, the loan taker late in Returning. |

Cheque Bounce of 37000, the loan taker late in Returning.

Person of Gujarat (Drawer), I from Bihar (Drawee), We both lives in Regent Colony Tollygunge Kolkata. He take 30000 in Feb 19 for 3 month with 10% per month interest total 39000, gave me 2000, but unable to pay rest 37000, and now he has some problem and taking too much time in making payment, now on 30 June 19, His 37000 cheque dated 30 June 19, bounced and he is not able to pay my money back, I think he has so many problem, But I want to take legal action, Now I need to send a notice, and what are the things I need to do next for my money recovery. Please explain me in details please, I want to make myself more powerful in law against him, so that I can recover my whole money if possible then I will extract double amount.

Answers (1)

Dear Sir / Ma’am,
Greetings from Company Vakil !!
In cheque cases the time period is very important. You have to immediately inform the person who issues the cheque that his cheque has been dishonoured and give him 15 days time in notice period for the repayment of amount. If he fails to provide the money, then you can file a case within 30 days.

Mr. Navin Arora

4.5/5

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