Security Deposit refund cheque bounced

Amitv5262

New member
Hotel Name
Colive Advisory Private Limited
Website Name
https://www.colive.com/
Customer Care Number
7676000500
Loss Amount
6758
Ratings
1.00 star(s)
Opposite Party Address
Colife Advisory Private Limited
No.755/95, BBMP Katha, Kote MR Plaza, First Floor, Marathahalli Outer Ring Rd, Doddanekundi, Bengaluru, Karnataka 560037
I am filing this complaint against Colive Advisory Private Limited regarding the non-payment of my security deposit refund.

After I vacated the property, Colive issued me Security Deposit Refund Cheque No. 109363 dated 06/04/2026 for ₹6,758 drawn on Axis Bank.
When I presented the cheque for clearing, it was dishonoured due to "Funds Insufficient." My bank informed me through SMS:


"Cheque No. 109363 for ₹6,758 presented in clearing is returned due to funds insufficient."


Issuing a cheque without maintaining sufficient funds is highly irresponsible and has caused me financial loss, inconvenience, and unnecessary mental harassment.
Immediately after receiving the cheque return information, I emailed Colive and shared my bank account details, requesting that the refund be processed through NEFT/IMPS. Despite waiting for two days, I have not received any response.


I request Colive to:
  1. Immediately transfer my security deposit refund of ₹6,758 to my bank account.
  2. Reimburse any cheque return charges incurred due to the bounced cheque.
  3. Stop delaying the refund and resolve the matter without further harassment.
If Colive fails to resolve this issue immediately, I will pursue all available legal remedies before the appropriate Consumer Commission and other competent authorities.
 

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  • cheque-FRONT.jpeg
    cheque-FRONT.jpeg
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