LawRato

what can be the defense of Cheque bounce


16-Jan-2023 (In Cheque Bounce Law)
I took loans of 30 Lacs from 13 different people And wrote cheques to them as security but I couldn't pay the loans because of insufficient funds and now those cheques have bounced/dishonoured and creditors have filed for ipc 138 what to do now
Answers (1)

Answer #1
607 votes
Dear sir,
You have first sent legal register notice to the opposite party through a lawyer and thereafter stipulated period would submit application u/s 138 N.I act before concern court .
Regard
Adv ripudaman singh

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 Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."