Brother gave my post dated cheques to company. It bounced.Am i liable?
My brother had taken an Agency from a News company and had issued my post-dated cheques towards its payment. Due to insufficient balance in the bank account, the cheque was dishonoured.
The company issued a notice to me claiming the amount of the cheque. Now the company has filed a complaint against me under Section 138 of the Negotiable Instruments. Please guide me whether in such circumstances can I be held legally liable?
If you are able to prove that you personally did not owe any legally recoverable debt to the company, and that the cheques in question were misused and further that you had nothing to do with the agency, then there are good chances that the complaint against you can be got dismissed.
However, we would require to go through the agency agreement, the contents of the notice / complaint to exactly ascertain your defence in the complaint because there is presumption in favor of the company that if they have cheques issued by you, there must be some amount payable by you to them. Hence, documentation aleady done is essential to ascertain your stand.
- Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Cheque Bounce Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.
Get Started >>
Answers by Our Lawyers
- illegal termination from my school for highlighting a security lapse
- What are the licenses required for starting a small gaming cafe
- Can a father give his property to one of his son
- Builder delaying refund for its cancelled project what can i do
- Animosity towards PO.