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Bunny Chintu   20 February 2023

NI act case

Dear experts,
a cheque sent for bank for collection and the same returned with a memo "cheque out of range"
Can we file the case under section 138 of NI Act.
kindly advice on this.
Thanq.


Learning

 4 Replies

Advocate Bhartesh goyal (advocate)     20 February 2023

Yes, since cheque returns  due to reason " cheque out of range " means value of cheque is more than it's limit for encashment so it comes under the ambit of sec 138 of N.I.Act so you can initiate proceedings u/sec 138 of N.I.Act.

Dr J C Vashista (Advocate)     21 February 2023

Contact and consult a local prudent lawyer for appreciation of facts/ documents, professional advise and necessary proceeding.

Sudhir Kumar, Advocate (Advocate)     28 February 2023

whether cheque is out of monetary range or out of date.

RAKESH PIPRODIA (ADVOCATE)     01 March 2023

Cheque dishonored for whatever resaons, send a demand notice u/sec. 138 b and demand for the dishonoured cheque amount within 15days fro the date of receipt of the demand notice. 


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