My friend borrowed money from me and gave me a cheque, but it bounced. Now, he’s refusing to return the money. I urgently need the funds. Is there any way I can recover at least some of the amount from his account?
1 Answers
Best Answer
Under Indian law, you can file a criminal complaint for cheque bouncing under Section 138 of the Negotiable Instruments Act. This can lead to legal action against your friend, and the court can order them to repay the amount, including costs. However, recovering the money from their account directly depends on whether they have sufficient funds.
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