Jaipuria Rishit Infrastructure Limited – Builder has not completed property and cheque they have given will bonce

I have booked a flat with builder Jaipuria Rishit Infrastructure Limited on 25.10.2011, but the property was not approved and the construction work was not started.
I visited many times to office of builder but no solution was possible.
Finally builder gave me cheque of amount 168,300/- without any interest and appreciation on 30.10.2013 with the date 28.2.14, on 27.2.14 the builder office told me not to present the cheque in the bank or it will bounce , they want more time .
But I presented the cheque and it will be bounce.

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