My bank bounced a cheque I issued to a customer, and now their lawyer has sent a legal notice threatening action under sections 138 and 141 of the law. I need six months to pay them back because I don’t have the money right now, and I won’t have it for at least five months. What should I do?

Apni Law
Apni Law
Law Forum › Category: Cheque Bounce › My bank bounced a cheque I issued to a customer, and now their lawyer has sent a legal notice threatening action under sections 138 and 141 of the law. I need six months to pay them back because I don’t have the money right now, and I won’t have it for at least five months. What should I do?
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Apni Law Staff asked 1 year ago

My bank bounced a cheque I issued to a customer, and now their lawyer has sent a legal notice threatening action under sections 138 and 141 of the law. I need six months to pay them back because I don’t have the money right now, and I won’t have it for at least five months. What should I do?

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Best Answer

Apni Law Staff answered 1 year ago

You should immediately contact your lawyer and explain the situation. They can attempt to negotiate with the customer’s lawyer for an extension or payment plan. You should also gather evidence to support your claim that you will be able to pay within six months.

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