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Iinterest amount

(Querist) 18 March 2014 This query is : Resolved 
What is the interest rate under section 138 N.I Act , when it became applicable , can complainant claim interest on amount from the date of cheque paid or cheque bounced ?
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ajay sethi (Expert) 18 March 2014
138 Ni is for punishment not recovery. you can claim interest in civil proceedings filed by you for recovery of cheque amount with interest
V R SHROFF (Expert) 18 March 2014
STUDENT SS;
PL DON'T ASK AaCADEMIC qUERY...
Rajendra K Goyal (Expert) 18 March 2014
Academic query.

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