Recovery under ni act sec-138
koteswara rao jonnalagadda
(Querist) 20 February 2012
This query is : Resolved
i am a propritor of trading co,i supplied materials to a closely held ltd company promoted by gulf based nri,s during the period of 2000-2001 financial year.total directors are 11 members.the company due to me rs 21lacs as on 2001.the company was sold by apsfc to recover their dues,subsequently one of the in charge director given a cheqe for rupees 21lacs from his personal a/c since company bank a/c was not in operation.the said cheque become bounced.i field a case at hyderabad where my jurisdiction falls.
till date i can not surve the arrest warants on 3 directors who is staying at riyad.ineed procedure to surve on them,will the entire bord is liable for punishment.
an early reply will be highly helpfull to your club member.
with regards,
koteshwara rao jonnalagadda,
91-8106998849
koteswara rao jonnalagadda
(Querist) 21 February 2012
respected jsdn,
thankyou very much for your immediate reply,ineed some more clarification how to procede on apsfc now.
2.kindly advise me the procedure to serve the warants on nri's those who are staying at riyad.
with regards,
koteshwararao jonnalagadda.
DEFENSE ADVOCATE.-firmaction@g
(Expert) 21 February 2012
I look basically the interests of accused in NI 138 cases and so from defense point of view your case is difficult.
However you can file civil suit for recovery. with delay condonation against the new owners.
V R SHROFF
(Expert) 21 February 2012
It seems to be time barred , in civil as well as NI.
need to go in detail & examine your documents/ complaint/ notice u/s 138 to advise you properly.
koteswara rao jonnalagadda
(Querist) 09 March 2012
to,
v.r.shroff saheb,
i am highly thankfull to you for your reply.i am from hyderabad.i am ready to send all the papers,kindly forward your a
ddress or e mail to send the papers.
with regards,
koteshwara rao jonnalagadda.
V R SHROFF
(Expert) 09 March 2012
adv.shroff@yahoo.in
