PDC bounced, what are my options?

[Cleverseeker6428]

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Cleverseeker6428
PARTICIPANT
February 15, 2025 at 7:12 am

Someone paid me with a PDC of around 5 lakhs. The cheque has bounced. They are not communicating.

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[Pritihero903]

P

Pritihero903
PARTICIPANT
February 15, 2025 at 7:16 am

Legal Notice then file Complaint under S.138 of NI Act.

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[Calmeagle9213]

C

Calmeagle9213
PARTICIPANT
February 15, 2025 at 7:20 am

Notice within 30 days of cheque bounce by giving him 15 days to pay. If he doesn’t pay within those 15 days, you have to file a complaint within 30 days after the 16th day from your notice date. Timelines are strict. So better do all of the above within the stipulated times.

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[Cleverseeker6428]

C

Cleverseeker6428
OP
February 15, 2025 at 7:23 am

So is the 15days mandated by law or am i giving this as a grace? What happens to them when I file a complaint?

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[Calmeagle9213]

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Calmeagle9213
PARTICIPANT
February 15, 2025 at 11:16 am

Mandated by law.

What happens to what? I didn’t get your question.

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[Cleverseeker6428]

C

Cleverseeker6428
OP
February 15, 2025 at 1:06 pm

Thanks for your response. What I mean is lets say after I have filed a complaint what happens next?

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[Ashishmaster940]

A

Ashishmaster940
PARTICIPANT
February 15, 2025 at 8:10 pm

After checking the timelione, the court will issue summon to the otherside

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