Cheque bouncing

Lower court will not accept this argument but by clever cross your can defeat the case for which you have to vigilant at every step.

Dear Sir/Madam

sir you can dispute the intrest but at the same time you con dispute the loan .

when money is lent for interest it requires money lending license, so in your case I think no mondy lending licnese Hence the transaction amounts to money lending.  Hence it is not legally enforceable debt.

It all will depend on the pleadings in the complaint.

Immediately issue notice to the financer not to present the cheques for collection and also inform the same i.e., stop payment intimation given to the bank with a reason that for what reason stop payment request is made to the bank.

Dear Sir,

                As per Bombay High Court. The debt is not legally enforceable. Since there was no money lending license. However, there are conditions attached.

sir,

in a  reccently  case  complaintant  state in court that  he give money against chaque and he paid by in him accout of saving account,  but he produce in court  a manager of bank and statement of current acoount with entry of the money.

when advocate of accused produce a application for statement of saving acount then trail court is refused.

WHAT ACTION WILL DO BY ACCUSED ADVOCATE?

PLEASE   ADVISE.

NATWAR RAJ PUROHIT

such piecemeal advice is dangerous , you must give all details of complaint.

If there is specific mention of bank account in complaint , go in revision.

REDDY  AND  JSDN  SIR,

A  LOT OF THANKS.

AS PER YOUR ADVISE  ALSO,  THE  ACCUSED  ADVOCATE  FILED  REVISION  IN HIGH COURT.

DECISION IN FAVOUR  TO   ACCUSED IN FIRST  HEARING.

Adv.   karthik, 

many decision of different courts on  money lending license only aplicable in ni act 138.

no license----no hand  loan in ni act 138