Can we take legal action against stop payment of cheque?
The builder has issued a cheque amounting to 5 lac, which we learnt from bank that it has been stopped from payment with rejection memo.
If the builder has issued a cheque amounting to 5 lac, which has been stopped from payment with a rejection memo, it is important to understand the reason for the stop payment. This can be done by contacting the builder directly or by reviewing the rejection memo. Once the reason for the stop payment is known, you can take the appropriate steps to resolve the issue. For example, if the cheque was stopped due to a billing dispute, you may need to provide the builder with documentation to support your claim. If the cheque was stopped due to a lost or stolen cheque, you may need to file a police report and contact your bank to cancel the cheque. Contact us on our helpline number for further enquiry.
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