A cheque was bounced due to insufficient fund and on 17.08.2017 a notice was issued for the payment. However the bank account was freezed on 22.08.2017 by SEBI.
Kindly suggest the probable defence argument.
Sanjeeva Sinha 14 October 2024
A cheque was bounced due to insufficient fund and on 17.08.2017 a notice was issued for the payment. However the bank account was freezed on 22.08.2017 by SEBI.
Kindly suggest the probable defence argument.
![Dr. MPS RAMANI Ph.D.[Tech.]](/img/avatars/my_avatars/84227.jpg)
Dr. MPS RAMANI Ph.D.[Tech.] (Scientist/Engineer) 14 October 2024
There was no freeze on the account on 17-8-2017. Hence you have no defence. Why are you asking this question after more than 7 years?
Advocate Bhartesh goyal (advocate) 14 October 2024
Yes, your account was freezed on 22-08-2017 while cheque for encashment has been presented on 17-08-2017 and thereafter having received notice you didn't make payment so now you have no defence better make the payment and settle the matter.
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