138 negotiable instrument act

ANVESH (Querist) 20 January 2018 This query is : Resolved
I am a holder of a cheque in due course and the bank has returned the cheque by endorsing "55Account Blocked(21-25), whether i can prosecute the payee for 138 NIA.

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Advocate Bhartesh goyal (Expert) 20 January 2018
Yes, cheque dishonoured due to any reason comes under the purview of sec 138 N.I.Act.you may initiate proceedings u/s 138 of N.I.Act against payee

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Dr J C Vashista (Expert) 22 January 2018
An academic question should be solved by your tutor.
Before that you must read the provisions of section 138 and 142 of the Negotiable Instruments Act, 1881.

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