Generally in case of Default, The Lender does not produce or even Talk about the Promisory Note as it is mentioned at higher rates there and will be a Civil Suit Perhaps.
Insted they only file case against the Cheque Bounce U/s 138. In such Case if the there are entries of Interest Paid Throgh Bank will it be illegal or Legal. ?
I need detail Guidance in this respect to understand the entire things. Anyone who may have thorough expertise may please leave contact details here, I am willing to pay the Mentoring/consultancy charges the same also.
Thanks