Reading: We were planning to partner with an LLP and transferred some money to them. However, things didn’t work out, and we decided to pull out of the project. The LLP owner gave me post-dated checks for the same amount. Now, I’m worried about what could happen if: The checks bounce. He reports the checks missing before I deposit them. He asks the bank to stop payment. What legal options do I have if any of these situations occur?

We were planning to partner with an LLP and transferred some money to them. However, things didn’t work out, and we decided to pull out of the project. The LLP owner gave me post-dated checks for the same amount. Now, I’m worried about what could happen if: The checks bounce. He reports the checks missing before I deposit them. He asks the bank to stop payment. What legal options do I have if any of these situations occur?

Last updated: August 25, 2025 1:01 pm

Apni Law

2 years ago

Law Forum › Category: Cheque Bounce › We were planning to partner with an LLP and transferred some money to them. However, things didn’t work out, and we decided to pull out of the project. The LLP owner gave me post-dated checks for the same amount. Now, I’m worried about what could happen if: The checks bounce. He reports the checks missing before I deposit them. He asks the bank to stop payment. What legal options do I have if any of these situations occur?

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Apni Law Staff asked 2 years ago

We were planning to partner with an LLP and transferred some money to them. However, things didn’t work out, and we decided to pull out of the project. The LLP owner gave me post-dated checks for the same amount. Now, I’m worried about what could happen if: The checks bounce. He reports the checks missing before I deposit them. He asks the bank to stop payment. What legal options do I have if any of these situations occur?

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Apni Law Staff answered 2 years ago

If the checks bounce, you can file a legal case against the LLP owner under the Negotiable Instruments Act, 1881. If the checks are reported missing or payment is stopped, you can file a complaint with the police and seek legal recourse based on the terms of your agreement with the LLP.