Section 138 of niact

Querist : Anonymous (Querist) 07 August 2022 This query is : Resolved
if accused in 138 ni act submits cheque for loan amount in magistrate court then can court refuse to accept it.

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kavksatyanarayana (Expert) 07 August 2022
No. You go to the court and ask for the compounding of the case there only as it will help you in getting a compromise deed which will be signed in the presence of the mediator and the case will be withdrawn before the court in your presence. It will be a better option for you.

P. Venu (Expert) 07 August 2022
Why 'if'? Please post the real issue, if any.

SHIRISH PAWAR, 7738990900 (Expert) 08 August 2022
Hello,

Court may not refuse to accept the cheque against the loan amount. However court may insist for dd of the amount as per facts of your case.

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