Hi Friends.
A B C D are the family members , they collctivaly advance Rs.400,000/- to E from each ( A B C D ) account Rs. 100,000/- , on due date E issues a cheque of Rs.400,000/- to repay his debt in favour of A , cheque bounces , now A can claim 138 for this cheque bounce or not ? , pl explain with defence available.
Thanks.