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Validity of cheque given by ex-partner
09-Aug-2024 (In Cheque Bounce Law)
I lent money to a partnership involving my wife. Funds were transferred from my personal account. To secure the loan, I got a blank cheque from the firm. A bank merger invalidated the cheque. I requested a replacement, but it was only signed by my wife. She later left the partnership. Remaining partners refuse repayment. Can I use Section 138 of the Negotiable Instruments Act against them by depositing the wife-signed cheque?
yes you can start 138 proceeding if your wife give you signed cheque. if there is any date mention on cheque then validity of cheque two months. after bounce the cheque the validity of notice is 30 days. for more information you can contact us.
Helpful?
Adv. Satish Bhati
Greater Noida | 400+ Answers
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Yes you can file a case under section 138 of Negotiable Instruments Act, against the partnership firm, since your wife was a partner at the time of issuing the cheque, For more assistance you can take help of a renowned advocate.
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Adv. Sharad Nayak
Jhansi | 25+ Answers
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