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Shaher yar   28 December 2024

Cheque bounce

Greetings.  I paid 50,000 Rupees from my business account into the bank account of business/ shop of my friend to help him . My friend issued a cheque from personal account in favour of my managers personal account.  The cheque bounced and I issued legal notice.  My question is: 

1. Do I have to file case through my business entity as money was paid through bank account of business? 

2 who will be the accused? Only friend as he issues cheque through personal account or his business firm also as it Recieved the money  ? 

Please guide. 



Learning

 1 Replies

T. Kalaiselvan, Advocate (Advocate)     28 December 2024

The drawer of the cheque will be liable for the consequences if the cheque has been dishonored when presented for payment.

Remember that only the payee can file the cheque bounce case and not others.


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