I had Fixed deposit in public limited company for which post dated cheques for interest and principal were sent by them. The cheques of company have bounced and I have filled case under section 138 making the company and directors party to it.
I understand the company has approched company law board ( under section 73-75 of the new companies act) requesting them reschedulement of repayments before my filling section 138 case. In case the company law board grants them, how will that affect my 138 case .
Will I be able to carry my section 138 case against the company or only against the directors in personal capacity or will have to with draw the case.
Your views on the above matter will be highly appreciated by me.
