My company’s cheque for ₹12 lakhs was wrongly used and bounced due to insufficient funds, despite the cheque clearly stating a limit of ₹2 lakhs. Can I file a complaint against both the bank and the company for this dishonor and the damage to my reputation?

Apni Law
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Law Forum › Category: Cheque Bounce › My company’s cheque for ₹12 lakhs was wrongly used and bounced due to insufficient funds, despite the cheque clearly stating a limit of ₹2 lakhs. Can I file a complaint against both the bank and the company for this dishonor and the damage to my reputation?
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Apni Law Staff asked 3 years ago

My company’s cheque for ₹12 lakhs was wrongly used and bounced due to insufficient funds, despite the cheque clearly stating a limit of ₹2 lakhs. Can I file a complaint against both the bank and the company for this dishonor and the damage to my reputation?

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Best Answer

Apni Law Staff answered 3 years ago

Yes, you can file a complaint against the bank for wrongful dishonor under Section 138 of the Negotiable Instruments Act, 1881. You can also file a complaint against your company for fraudulent misrepresentation and financial loss, as the cheque was issued exceeding the stated limit.

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