i had availed cash credit limits from yes bank for rs.60 lacs and another temporary overdraft was given for rs20 lacs.totaling to rs 80.00 lacs advance. my account was turned NPA due to the market conditions there was an outstanding of Rs. 82,85,000/- the bank had taken undated blank cheques of cash credit account and my gurantor as security. the account was NPA on 1.9.2014 .the bank after filling the cheque of my gurantor of 82,85,000 presented the cheque in the gurrantors bank account on 15.10.2014.Subsequently filled my c/c account blank cheque and presented in the yes bank in my c/c account desipte my account being in operative due to NPA.The bank has issued 138 n.i act notice to both me and my gurrantor
1.Can they present the gurrantors cheque without giving him any prior notice to him about presenting the cheque
2.Can the bank benefit itself twice by demanding the money from both the accounts
3.will 138 n.i attaract to these security cheques
4can the bank itself present the cheque in its own inoperative account knowlingly,mentioning as insufficent funds and finaaly issuing 138 N.i act notice.
please help immediately
