Jayanti Devi (Student) 25 December 2024
Buyer has ordered an electronic product on installments.
Accordingly buyer is supposed to pay 5 chexxques.
But his second cheque has been dishonored. Buyer has said he is out of station but will give another cheque in 4 days.
now, question is
a) how much time seller has to take action on the buyer? within how many days seller need to send notice ?
b) if buyer gives another cheque in 4 days, which clears subsequently, can seller still take action on buyer?
Dr. J C Vashista (Advocate ) 25 December 2024
What is your concern / dispute / problem and locus standi to the hypothetical fabricated facts ?
T. Kalaiselvan, Advocate (Advocate) 25 December 2024
If the cheque is bounced then the holder can issue a legal notice demanding the cheque amount within 30 days from the date of dishonor of the cheque.
If the buyer has paid the amount within the stipulated time, then the seller cannot take any further action.
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