N i act

Ritu Bahl (Querist) 09 May 2014 This query is : Resolved
Hi,

Please let me know that is the drawer liable for paying or filing any suit under Sec 138 NI Act, if the cheque bounced is due to reason "title of the account required". If not, then what is the remedy available to the drawee or under which section of NI Act, can he file the case.

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Devajyoti Barman (Expert) 09 May 2014
Put the title of the a/c and present the cheque again.

Ritu Bahl (Querist) 09 May 2014
Thanks. But the chq cannot be presented again. Also the the chq is not stamped this is the reson that the chq was bounced. Pls suggest.

Rajendra K Goyal (Expert) 09 May 2014
Pay the amount or issue another cheque.

What is the reason from the Bank for returning the cheque. If it is due to signature differ drawer is liable.

ajay sethi (Expert) 09 May 2014
file summary suit for recovery of money

Sankaranarayanan (Expert) 09 May 2014
file summary suit and recovery of money

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