Cheque dis honour
Tanaaz shaik
(Querist) 02 May 2014
This query is : Resolved
Dear Experts Team,
Please advise one of friend X had given 50,000/- by way of help to Y for meeting his daughter's marriage.
thereafter Y failed to pay back as agreed the said amount.
after many demands Y gave a cheque on 10.4.14 and cheque was dishonoured on 17.04.14 and returned with memo with a note in sufficient funds.
X is willing to send a legal notice to Y for the reason above. now my queries are?
1. within how many days X can send the legal/demand notice?
2. can X say in the notice, that he had given the said amt for his daughter's marriage?
3. what is the chances of winning the case?
4. if money is given as a favour or personal loan to a friend can be treated as enforceable by law and if cheque given by the borrower is bounced than any action can be taken? please help and advise. thanks.
Sankaranarayanan
(Expert) 02 May 2014
Example query all treated us as academic query. Tell the real query
Guest
(Expert) 02 May 2014
If that was as a help, better forget about that. Let him allow to return, if he likes, at his own free will.
P. Venu
(Expert) 03 May 2014
The legal notice demanding the money that is due needs to be sent within thirty days of the of the receipt of information from the bank regarding the return of the cheques as unpaid.
Rest of the query is hypothetical.
T. Kalaiselvan, Advocate
(Expert) 06 May 2014
I agree that it is an academic query, if you really want to know the details, contact a local lawyer for further proceedings in this respect.
Tanaaz shaik
(Querist) 07 May 2014
Sir, Please explain what is a meaning of an academic query? thanks.
