Sample Notice in case of Cheque Bouncing
Important points
1.
Cheque Bouncing is a
quasi criminal matter covered under Sec. 138 of Negotiable Instruments Act.
2.
Conviction under this
section may incurr prison sentence.
3.
However, before a law
suit can be filed, the receiver of the cheque must send a notice to the cheque
issuer demanding money. The demand should clearly mention the details of the
transaction that obligated the issuer to issue the cheque and the request that
the money should be paid within 15 days.
4.
The notice must be sent
within 30 days of receiving information from the bank that the cheque has been
dishonoured.
5.
If the payment is not
received within 15 days after sending the notice, a law suit can be filed
within the next 30 days.
6.
For example:
o Cheque given on 1/1/2010
o Cheque put up in the bank on 5/1/2010 (cheque
must be put up within six months of the date on the cheque).
o Bank dishonours the check on 10/1/2010.
o Notice demanding money sent on 15/1/2010.(Notice
must be sent within 30 days i.e. before 9/2/2010).
o Need to wait for payment for 15 days i.e.
30/1/2010
o Law suit may be filed between next 30 days i.e.
1/2/2010 and 2/3/2010.
Notice
DATE: 25/10/2010
To,
Mr. A. B, General
Manager,
FGH Pvt. Ltd.,
Indore, MP 452001
Dear Mr. A. B.,
As per the agreement
that we entered with your firm on 10/10/2010, we were to deliver 1000 Kg wheat
on or before 20/10/2010 at your warehouse located at 123 MG Road, Indore and
you were to pay us Rs 20,000/- at the time of delivery. A copy of the agreement
is attached.
Persuant to the said
agreement, we delivered the goods at your warehouse on 20/10/2010, which were
accepted by you (copy of delivery challan is attached) and you gave us a Cheque
for Rs 20000/- (Cheque No. 123456, drawn on ICICI Bank, Indore Branch).
Unfortunately, your
cheque has been dishonoured by the bank with the reason of insufficient funds.
A copy of the receipt provided by the bank is attached.
We thereby request you
to pay us the said amount of Rs 20,000/- within 15 days, failing which we would
be forced to take legal action for the recovery of the dues.
thank you,
X. Y. for
M/s MNO Pvt. Ltd.
456 ABC Nagar,
Indore.
Note: Attaching a copy
of all the referred documents is not necessary.
No comments:
Post a Comment