A bounced cheque can lead to serious consequences, including hefty fines, damaged credit scores, and even imprisonment. To avoid such issues, always ensure sufficient funds, verify cheque details, and consider digital payments as a safer alternative.
The company had issued an advertisement seeking buyers for parts of the property. LIC has made it clear that the land cannot be sold unless Unitech repays the loan.
More than three months after tragedy struck Uttarakhand, it is believed that the compensation cheques given by the state government have been dishonoured.