hello..
i just want to know that can we recover unaccounted money lent to borrower u/s 138 of NI act? if yes plz suggest some supporting citataion that proves that unaccounted money can also be recovered u/s 138 of NI act..
salim pathan (llb) 03 February 2018
hello..
i just want to know that can we recover unaccounted money lent to borrower u/s 138 of NI act? if yes plz suggest some supporting citataion that proves that unaccounted money can also be recovered u/s 138 of NI act..
PRERNA SHARMA (JOB) 03 February 2018
Vikas Hedau (Advocate) 04 February 2018
Follow link and read whole judgement https://www.lawweb.in/2013/10/dishonour-of-cheque-amount-not.html
The Basic reason is that its is matter of income tax to penalise you for un accounted money
Dr. MPS RAMANI Ph.D.[Tech.] (Scientist/Engineer) 04 February 2018
Advocate Vikas Hedau is right, though there are judgments both ways. You would have given the money in cash. How will you produce evidence? Though burden of proof is transferred to the accused under Section:139, still you will be asked to produce evidence.
salim pathan (llb) 04 February 2018
thank you experts
LAXMINARAYAN - Sr Advocate. ( solve problems in criminal cases. lawproblems@gmail.com) 05 February 2018
It will depend on expertise of defense advocate , if he fails you can win.There is basic presumption and due to LOUSY advice by non legal persons the accused gives admission in the begining which is fatal.
SC in Indian bank association case has confirmed the Delhi HC agrawal case procedure for defense.which if complainant insists on to be followed he can avoid giving chance to defense.
PRERNA SHARMA (JOB) 05 February 2018
Dr. MPS RAMANI Ph.D.[Tech.] (Scientist/Engineer) 05 February 2018
Lousy advice can be given by legal persons also. At least in one case I got a case against an accused dismissed due to lousy advice by the lawyer of the Complainant.
Vinod shah (legal assistance for victims of system. findjobs02@gmail.com) 08 February 2018
Prema sharma you are making very irresponsible statements. The advocate has given HC judgement as below=
N THE HIGH COURT OF BOMBAY AT GOA
CRIMINAL APPEAL NO.6 OF 2012
Mr. Krishna P. Morajkar V/s Mr. Joe Ferrao,
CORAM : R.C. CHAVAN, J.
Pronounced Date : 19th JULY, 2013
Citation;2013 CR l J(NOC)572 Bombay
So your wisodom is even against HIGH COURT JUDGMENT, WONDERFUL.
PRERNA SHARMA (JOB) 08 February 2018
DEAR SIR I AM JUST TELLING THE TRUTH....
PEOPLE HAVE GIVEN TENS OF MILLIONS OF RUPEES IN CASH SINCE A FEW YEARS AGAINST CHEQUE AS SECURITY WILL YOU BE ABLE TO REALISE THAT ...AS THE BORROWER IS NOT RETUNING THAT NOW..SIR THE ABOVE WAS A SMALL CASE FOR FEW LACS PEOPLE GIVE MILLIONS LIKE THIS AND MANY END UP NOT REALISING THEIR DUES AS THE LENDER IS FEARED OF HOW HE WILL PROVE THE SOURCE OF FUNDS AND ARE SCRED OF FURTHER ENQUIRY FROM THE INCOME TAX DEPT!!!!
Dr. MPS RAMANI Ph.D.[Tech.] (Scientist/Engineer) 08 February 2018
Let us not speak about the wisdom of High Court judges vs. wisdom of the members here. Judges of the High Courts or the Supreme Court are also only mortals like any of us, but elevated from the legal fraternity. They also have their own prejudices and strange ideas. To say that a loan from stashed cash cannot be legally recovered is very immature, silly and juvenile. It is like saying that stealing stolen goods from another thief is not a crime. It is like promoting the old concept of outlawing persons which was there in England. Income tax law says that an amount of more than Rs.20000/- cannot be advanced in cash. It does not mean that if such an amount was advanced as loan, the lender has no right to recover. The penalty for advancing an amount of more than 20000/- in cash is an amount equal to the amount so advanced. So if a lender who had advanced a loan of more than Rs.20000/- is a complainant in a section 138 case he has the right to recover the amount from the accused. The accused must be punished if found guilty. The court can also order prosecution of the complainant for his offence under the Income Tax Act.
PRERNA SHARMA (JOB) 08 February 2018
THE POINT I AM STATING IS THAT PEOPLE WHO HAVE ADVANCED MILLIONS OF RUPEES AS CASH LOAN ON INTEREST ARE SCARED TO GO TO THE COURT FOR RECOVERY AS THEY MAY GET THE ACCUSED PUNISHED BUT THE PROBLEM IS THAT THEY MIGHT END UP BEING STUCK IN THE WEB OF INCOME TAX DEPARTMENT AS NO MIDDLE CLASS PERSON CAN ADVANCE MILLIONS IN CASH LOANS AND A PERSON WHO CAN GIVE SO MUCH MONEY IN CASH WOULD BE HAVING OTHER UNDECLARED SOURCES OF INCOME AND ASSTES ALSO AND HE WILL BE SCARED OF THE INCOME TAX DEPARTMENT AS WE KNOW HOW STRICT THEY ARE!!!!
AUR JAB IT DEPT KISI KI BAND BAJANE PE AATA HAI TO KYA HOTA HAI !!!!!
harsh asthana (advocate) 22 July 2018
LAXMINARAYAN - Sr Advocate. ( solve problems in criminal cases. lawproblems@gmail.com) 23 July 2018
Need junior advocates at DELHI and NOIDA for follow up actions for cheque cases.
IMMEDIATELY A NBW PENDING TO BE SERVED AT NOIDA.