Compounding of cheque bouncing case
Dalip Singh
(Querist) 14 January 2016
This query is : Resolved
in a complaint case under section 138 NI act, the accused has made the cheque payment at the initial stage. Now, the accused has requested to allow him to pay the interest amount @ 6% p.a.
Can the request of payment of interest @ 6% p.a. be allowed by the complainant who is govt. organisation.
P. Venu
(Expert) 15 January 2016
Getting interest is beyond the scope of Section 138 NI Act.
Rajendra K Goyal
(Expert) 15 January 2016
Deciding payment of interest is beyond the scope of section 138 NI Act.