cheque bounce
dr subodh kumar
(Querist) 06 December 2009
This query is : Resolved
Thanks to all respected lawyers for the replies to my previous queries.I have futher queries-
1.In what case or situations will the judge slap fine of amount equal to the cheque amount along with imprisonment of the defaulter?
2.Will it be necessary to prove the amount paid(particularly if the amount is high) to the defaulter or the bounced chq is in itself a hard proof against the defaulter?
3.Usually what will be the final verdict/result in chq bounce cases and maxim how much the defaulter will be ordered by court to refund to the complainaint.Will i finally get back the interests,fine and expenses along the principal amount or cheque amount.
4.Usually how much time is needed for the final verdict to come?
5.If the defaulter refunds me after court order then too he will be imprisoned or he will be released in this case?
Thanks
joyce
(Expert) 06 December 2009
Cheque bounce case verdict depends on ur advocate regularity in conducting the case early. If summons served soon then next procedures will be faster. meanwhile, if defaulter comes for compromise it will settle up sooner n easier; but up to ur decision. Full cheque amount (principle) and and intrest claimed on it will be ordered by the court,to be paid by the defaulter. In NI Act case punishment is be like "One beat two peices" either payment as claimed or imprisonment if case is allowed. If defaulter pays money no punishment is imposed.
Anish goyal
(Expert) 06 December 2009
Sir one beat two pieces means?
dr subodh kumar
(Querist) 06 December 2009
Thanks Mrs Joyce,
But you havent commented that what are the provisions of fine in such matters.As far i know there is provision of fine upto amount equal to the cheque amount but under what situation it will be imposed on the defaulter
