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One of our debtor has issued cheques. The cheques were presented but the customer connived with the banker and held the returned cheques from being sent to the presenting bank. This was going on for 2-3 months. Now when we checked with the bank as the credits are not reflected, bank has now returned the cheques as unpaid.
The customer is refusing to pay. What action can be taken on the banker who has not returned the cheques immediately?
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In a dishonour of cheque following are the remedies
1. The from the date of dishonour within 30 days the legal notice has to be issued. From the date of service of notice within 45 days the a criminal complaint has to be lodged.
2. This is time bond case.
3. The civil suit can also be initiated for recovery of money.
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