Post Dated Cheque Validity and Cheque bounce

well if the other side party is smart he / she can take you for ride in legal long streched proceddings.

Dear Sir,

What do you suggest? I am prepared for the battle as our life savings are at risk here.We bought a flat and the builder is not in a position to register the property.Instead he gave us a cheque and as you said i am sure that he is smart enough to take us for a ride.

Please let me know.

Thanks

wait till you drop the cheque in your account i.e. 24/4/2011 and then proceed accordingly...

Dear Sir,

Thanks for your advice.

Is there any timeline to file the case once the cheque bounces?

Thanks

Sridhar

in myconsiderable opinion cheque is valid for six months fromthe date of its issuance  and as per ur qestion date is24 . 4 11  .  on or after 24 4 11  depost ur cheque with ur banker within six months  for relization of the same  incase cheque dishonured  intiate proceeding under the provisions of ni act  and so also for contept.

But whether the builder gave possession to you ,first tru to get possession.