How to protect myself from a case of cheque bounce ?
06-Jan-2023 (In Cheque Bounce Law)
Three partners running a trading Company AOP for stock trading and derivatives trading.collected funds from different people. Three people made investment in 2012..1 lack each..cheques issued to them of 2 lac each dated 2017. But Yes trading company lost all the money in trading in 2015.. Three different 138 cases filed. Cases mantainable ? As the trading company lost the money in derivative market. Please guide How to defend
hello sir firstly you have to hire one expert lawyer how deals with N.I cases if the cheque is drawn by you or by your trading company you are liable for a prosecute ,its penal offence for a defence you have to hire 1 lawyer
Yes three different 138 cases maintainable, for defend the case we have to check terms and conditions agreed between the Three different people who invest money Rs. 1 lakh each, if in the terms clearly mentioning about risk in investment in derivative market then we can defend successfully.
If partners have issued cheques and same was dishonoured, the charges U/S 138 of NI Act are maintenable. for more details about liabilities i need to check your Registered Deed of Partnership and its contents. what was your position in the said partnership/type of partner?
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