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Law of Cheque Bounce

Page no : 2

Arvind Singh Chauhan (advocate)     27 August 2015

Mr.Sumit is not liable under 138 NI act. But civil suit for recovery may lie if he is enjoying the estate of his father.

 

Respected Raj Sir!,

                                  Thanks a lot for guiding us time to time.

A BHASKAR RAO (VICE PRESIDENT FINANACE)     16 December 2015

  • sir. 

  • I  AM  A.BHASKAR RAO  AGE 62 A RETIRED EXECUTIVE FROM A COMPANY. I RETIRED ON 30 TH MAR 2014.
  • THE COMPANY HAS AVAILED A TERM LOAN FROM KOTAK MAHENDRA BANK HYD .AS AN AUTHORISED SIGNATURE SIGNED SOME  BLANK CHEQUES DURING MY SERVICE. IE BEFORE 31 ST MARCH2014. I WAS ONE OF THE JOINT SIGNATURES.
  • BUT  IN AUG 2014 THEY PRESENTED A CHEQUE IN THE BANK   AND THE CHEQUE WAS RETURNED UNPAID.
  • AM I RESPONCIBLE  AND LIABLE UNDER SEC 138 OF N I ACT.. 
  • THE BANK HAS ISSUED NITICE AND FILED A CASE AG ME ALONG WITH THE COMPANY.
  •  PLEASE ADVISE ME

     .A BHASKAR RAO

09949287444

A BHASKAR RAO (VICE PRESIDENT FINANACE)     16 December 2015

  • sir. 

  • I  AM  A.BHASKAR RAO  AGE 62 A RETIRED EXECUTIVE FROM A COMPANY. I RETIRED ON 30 TH MAR 2014.
  • THE COMPANY HAS AVAILED A TERM LOAN FROM KOTAK MAHENDRA BANK HYD .AS AN AUTHORISED SIGNATURE SIGNED SOME  BLANK CHEQUES DURING MY SERVICE. IE BEFORE 31 ST MARCH2014. I WAS ONE OF THE JOINT SIGNATURES.
  • BUT  IN AUG 2014 THEY PRESENTED A CHEQUE IN THE BANK   AND THE CHEQUE WAS RETURNED UNPAID.
  • AM I RESPONCIBLE  AND LIABLE UNDER SEC 138 OF N I ACT.. 
  • THE BANK HAS ISSUED NITICE AND FILED A CASE AG ME ALONG WITH THE COMPANY.
  •  PLEASE ADVISE ME  regards  and thanks

     .A BHASKAR RAO

09949287444


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