I signed a 2.5 year agreement with my company and gave them a cheque for ₹45,000 as part of the deal. I didn’t write a date on the cheque. I recently left the company, and they tried to cash it, but my account was empty. The cheque bounced. Now, what should I do? Am I legally obligated to pay the ₹45,000 or can I let the company pursue other options?

Apni Law
Apni Law
Law Forum › Category: Labour & Service › I signed a 2.5 year agreement with my company and gave them a cheque for ₹45,000 as part of the deal. I didn’t write a date on the cheque. I recently left the company, and they tried to cash it, but my account was empty. The cheque bounced. Now, what should I do? Am I legally obligated to pay the ₹45,000 or can I let the company pursue other options?
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Apni Law Staff asked 2 years ago

I signed a 2.5 year agreement with my company and gave them a cheque for ₹45,000 as part of the deal. I didn’t write a date on the cheque. I recently left the company, and they tried to cash it, but my account was empty. The cheque bounced. Now, what should I do? Am I legally obligated to pay the ₹45,000 or can I let the company pursue other options?

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Best Answer

Apni Law Staff answered 2 years ago

Indian law states that a cheque without a date is deemed to be dated on the day it is presented for payment. Since your account was empty, the cheque bounced, and you are liable to pay the ₹45,000. However, you can try to negotiate with the company to settle the matter amicably, explaining the situation and potentially offering a payment plan.

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Previous Article Dear Sir/Madam, My father wrote a cheque for a sum of money to a person, but unfortunately, it bounced due to insufficient funds. We have received a notice from their advocate requesting payment within three months. Could you advise on how we should respond to this notice? Additionally, the cheque was drawn from a joint account held by my father and mother. The notice has also been sent to my mother, who was unaware of this transaction. Can I contest the notice served on my mother as she has no involvement in this matter? Your guidance would be greatly appreciated.
Next Article My builder promised a flat 2 years ago, but it’s still not ready! They seem to have cheated me. Our agreement has an arbitration clause, so what should I do? Should I go through arbitration or file a case in consumer court?

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