LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

saurabh (advocate)     30 May 2011

Cheque Bouncing

there were 5 sub accounts connected with main pool account in mumbai, money if from those account is not sufficient then bank took it from main pool account, all banks are same and they are axis bank

pool account attach to overdraft account , when money in pool account is over bank debit money from overdraft account which contains only FDRS and other bonds of the accused

this is usual practise bank followed for 2 years

when accused given cheques bank didnot took payment from pool account and dishonour of cheques and 138 got attracted

similarly also got 420 IPC

please provide some judgements on such things



Learning

 1 Replies

sweta singh (n/a)     30 May 2011

u want 2 settle the case or fight the case??


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register