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Sir I received a cheque issued from buyer of my plot final installment in the name of his wife. The cheque amount is insufficient and the account is not in operation. Shall I file case on the ground of section 138of negotiable instrument act please give suggestion. Thank you
Sir, if your payment is not transferred due to cheque bounce of buyer, firstly you need to issue a legal notice for money recovery with the help of an expert lawyer. If the buyer fails to comply with the legal notice, further legal action can be taken by filing law suit under section 138 of NI act. For further legal assistance contact us on our helpline number.