My customer, who runs three businesses, took motor parts from me on credit 18 months ago, promising payment within two days. After numerous follow-ups, I finally received a personal cheque on August 18th, which bounced due to insufficient funds. He continues to make promises but doesn’t deliver. What should I do to recover the money? I’m responsible to my company and need to find a solution.
Best Answer
You have a valid claim as the cheque bounced due to insufficient funds, making it a criminal offense under the Negotiable Instruments Act. You can file a legal case against your customer seeking recovery of the amount along with compensation for the bounced cheque. It is recommended to consult with a lawyer to understand the specifics of the legal process and options available to you.
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