Is cheque bounce applicable in case of account attached for recovery
19-Jul-2023 (In Cheque Bounce Law)
My question is whether section 138 under negotiable instrument will be applicable if cheque is bounced because the other parties's account is attached by govt authority for recovery?
Yes, section 138 of negotiable instrument act shall be applicable.
Need not worry about the aforesaid reason cited by your goodself.
For more information feel free to have a word with me.
All the best.
Need not worry about the aforesaid reason cited by your goodself.
For more information feel free to have a word with me.
All the best.
Yes, even in such a case, you have been denied your rightful money. Hence, Section 138 of the Negotialble Instrument act will be attracted in your case even if the account has been attached by govt authority.
Sir,
Definitely, a case may be initiated. The other party should have replaced the cheque with a fresh one, as there must have existed a liability to pay to you. When a cheque is dishonoured, there is at least a presumption that there existed a liability.
Abhinit
Definitely, a case may be initiated. The other party should have replaced the cheque with a fresh one, as there must have existed a liability to pay to you. When a cheque is dishonoured, there is at least a presumption that there existed a liability.
Abhinit
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