If a guarantor issues a cheque which is dishonoured, can he be prosecuted under Sec.138 of NI Act?
Anil Agrawal (Retired) 24 May 2009
If a guarantor issues a cheque which is dishonoured, can he be prosecuted under Sec.138 of NI Act?
Swami Sadashiva Brahmendra Sar (Nil) 24 May 2009
Yes.
Y V Vishweshwar Rao (Advocate ) 25 May 2009
Guarantor is liable to pay the due amount .The Cheque is liabilitiy cheque
M. PIRAVI PERUMAL (Advocate & Consumer Rights) 25 May 2009
Yes he can be prosecuted.
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