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Anil Agrawal (Retired)     24 May 2009

Guarantee

 If a guarantor issues a cheque which is dishonoured, can he be prosecuted under Sec.138 of NI Act?



Learning

 3 Replies

Swami Sadashiva Brahmendra Sar (Nil)     24 May 2009

Yes.

Y V Vishweshwar Rao (Advocate )     25 May 2009

Guarantor is liable to pay the due amount .The Cheque is  liabilitiy cheque 

M. PIRAVI PERUMAL (Advocate & Consumer Rights)     25 May 2009

Yes he can be prosecuted.


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