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How to defend a s138 NI act case filed by bank in loan matter
20-Feb-2023 (In Banking / Finance Law)
Respected Sir, I have received a Notice through Registered Post last week from Axis Bank. The notice states "Form NO 1" "SUMMONS TO AN ACCUSED PERSON", & I have been asked to appear in person in front of Magistrate on 6th of March. I have taken a personal loan from Axis Bank of Rs 157000/- & after paying few EMI's, I was unable to repay the amount due to some unavoidable circumstances. I am currently not in a position to travel. Please guide me how to proceed on this & what should be my next step.
Hi, You need to approach a lawyer along with notice. Based on the history of this case, lawyer can get you time extended Or would update court when it come for hearing. As you may know, It is cheque bounce case.
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