manish gupta (criminal lawyer) 13 July 2018
SIVARAMAPRASAD KAPPAGANTU (Retired Manager) 14 July 2018
Yes, action u/s 138 of NI Act is possible, provided you can prove that the said cheque was given for the repayment of the loan.
Adv Deepak Joshi +917017821512 (Advocate) 14 July 2018
Yes, 138 N I act is maintainable
manish gupta (criminal lawyer) 16 July 2018
but sir i had read somewhere that unaccounted cash loan greater than 20000 is not recoverable under N I act 138
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