Cheque bounce
This query is : Resolved
19 September 2015
Respected Readers,
I want to ask that i had a cheque which get bounced by "Payment stopped by drawer" . so please guide me the best and fastest method of recovery of the amount.
amount is two lakhs
RAMESH KUMAR VERMA
(Expert)
13 October 2015
send the legal notice to the party.
In nutshell whatever may be the reason or ground for dishonor of a cheque by bank whether it may be payment stopped by drawer or any other reason, offence under this section is made out and the drawee has the full right to initiate proceedings. The court may also examine whether the payment has been made by the drawer within 15 days of notice issued by the drawee after dishonor of the cheque.
In nutshell whatever may be the reason or ground for dishonor of a cheque by bank whether it may be payment stopped by drawer or any other reason, offence under this section is made out and the drawee has the full right to initiate proceedings. The court may also examine whether the payment has been made by the drawer within 15 days of notice issued by the drawee after dishonor of the cheque.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query on effect of registration of property
- Visiting card purchase
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Wrong CMPo8 file
- Whether output tax is taken credit by purchaser
- Number of years as per AS amortisation of Goodwill
- Additional trade name
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
