Action available if cheque returned
This query is : Resolved
05 March 2009
If a cheque is returned, what course of action is available to the beneficiary? is there any legal recourse available and if so, indicate the details?
Rajesh Kumar
(Expert)
05 March 2009
If the cheque has returned for insufficient fund or stop payment instruction, recourse can be taken to Section 138 of Negotiable Instrument Act. Further action can be suggested after knowing the reason for return.
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