LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Phanindra Kumar (Adovcate)     23 September 2014

Negotiable instrument act

Can any body help me on my query?

My Query?

is there any case law related to Negotiable instrument act on the following example?

Example:

A has issued a cheque for Rs. 10,00,000/-  to B, where on the cheque given there is written by the bank that the cheque can be issued only upto Rs.5,00,000/- when B presented the cheque the cheque was dishonoured saying over limit. can B file case against A under section 138 of Negotiable instrument act?



Learning

 2 Replies

Advocate Bhartesh goyal (advocate)     23 September 2014

As per the latest judgment of  Delhi High Court " cheque dishonoured due to any reason comes under the purview of sec 138 of N.I.act.

Alinawaz (_)     23 September 2014

Agrred with mr. Bhartesh goyal

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register