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WHAT IF CHEQUE GETS BOUNCED WHAT ACTIONS CAN BE TAKEN

WHAT IF CHEQUE GETS BOUNCED WHAT ACTIONS CAN BE TAKEN

Cheques are used in almost all transactions such as repayment of loan, payment of salary, bills, fees, etc. A vast majority of cheques are processed and cleared by banks on daily basis. Cheques are issued for the reason of securing proof of payment. Nevertheless, cheques remain a reliable method of payment for many people. On the other hand, it is always advisable to issue crossed “Account Payee Only” cheques in order to avoid its misus... Read More

Post By Barbie Duggal

What if the bank dishonoured a cheque by mistake?

What if the bank dishonoured a cheque by mistake?

What if the bank dishonoured a cheque by mistake? According to Section 138 of the Act, the dishonour of cheque is a criminal offence and is punishable by imprisonment up to two years or with monetary penalty or with both. If payee decides to proceed legally, then the drawer should be given a chance of repaying the cheque amount immediately. Such a chance has to be given only in the form of notice in writing. Wrongful dishonor refers to a... Read More

Post By Pranjal Jain

Can I get arrested for a Cheque Bounce in India?

Can I get arrested for a Cheque Bounce in India?

Can I get arrested for a cheque bounce in India?A cheque is said to be dishonoured or bounced when it is presented for payment to a bank but it is not paid because of some reason or the other.Cheque bounce is a criminal offence in India, covered under section 138 of the Negotiable Instruments Act. You must obtain anticipatory bail from the District Court or High Court, if the opposite party lodges a complaint against you and the same... Read More

Post By admin

What legal procedure should a bank follow to the recovery of debt?

What legal procedure should a bank follow to the recovery of debt?

Recovery of debt can rather be messy and complicated. In that case, why should you just put your feet inside filth? Let Lawtendo do that for you. Lawtendo is kind of your personal Debt recovery partner, it makes sure you remain out and hassle-free while your debt is collected properly.The banks and financial institutions had been facing problems in recovery of loans advanced by them to individual people or business entities. Due to this... Read More

Post By admin

What is the Debt Recovery Tribunal in India? How does it Works?

What is the Debt Recovery Tribunal in India? How does it Works?

Debt Recovery Tribunals also known as DRTs were created to facilitate the speedy recovery of debt payable to banks and other financial institutions by their customers. The banks and financial institutions had been facing problems in recovery of loans advanced by them to individual people or business entities. Due to this, the banks and financial institutions started restraining themselves from advancing out loans. There was a need to ha... Read More

Post By admin

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LAWYER SERVICE FOR PROPERTY POSSESSION DELAY

It is seen that real estate developers and builders delay the delivery of projects by months to years at a stretch. This results in monetary loss and mental harassment for buyers.

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Partnership firms, proprietorship firms, companies, traders, individuals and others can file a suit for recovery of their unpaid bills, business dues or payments where there is any form of written contract/agreement formed between the parties.

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If you are married, might as well get it official! A marriage certificate is an official declaration of marriage. Earlier, it was not mandatory to register your marriage in India but since 2006, Hon’ble Supreme Court made it mandatory for the spouses to register their marriage.

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