Gave blank cheque to bank for loan can they file a cheque bounce case
12-Jul-2023 (In Cheque Bounce Law)
We took a agricultural loan from bank.we gave empty cheque to bank.now unable to pay loan.Can bank file case against us after putting cheque under ipc 138.Is it a bailable offence? Give some court decision links with your value able andwers
Bank mostly take Blank Cancelled Cheque ( only one ) for ECS purpose only , not for clearing ., If you are/will unable to pay loan, Bank will opt methods for recovery of loan amount .,., not for 138 N.I. Act
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50+
yes bank has the power to do that rest there is no need to worry regarding the kindly give the exact details then will be able to help you in a proper way rest because only after we know to help you it will be easy thank you
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Your case requires thorough review of loan agreement to know whether bank took this cheque as a security or is misusing it against you. I said thorough study because section 138 of NI Act (not ipc) is a performa litigation where courts usually convict.
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