My friend bounced a cheque of ₹45,000 I gave them. What legal options do they have now, and what can I do to protect myself?

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Law Forum › Category: Cheque Bounce › My friend bounced a cheque of ₹45,000 I gave them. What legal options do they have now, and what can I do to protect myself?
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Apni Law Staff asked 2 weeks ago

My friend bounced a cheque of ₹45,000 I gave them. What legal options do they have now, and what can I do to protect myself?

1 Answers
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Apni Law Staff answered 2 weeks ago

Under the Negotiable Instruments Act, 1881, you can file a criminal complaint against your friend for dishonoring the cheque. To protect yourself, keep a record of all communication regarding the cheque, and consider issuing a legal notice demanding payment before pursuing legal action.

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