Legal Question in Banking Law in India

sec 138

i have lended some amt in cash to one of my friend what it seams is that he differing the to pay i had an blank cheque from him which i have deposited in the bank am sure it will not get cleared i even dont know weather cheque is stopped or not so what can be done to recover the amt? can we sue him to recover please suggest some solution to recovwer the amt


Asked on 12/23/08, 2:54 am

4 Answers from Attorneys
Homi Maratha N.N. Maratha & Co.-Advocates

Re: sec 138

Yes we can sue him.

You may contact a local lawyer and start process with a notice under the NI Act.

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Answered on 12/23/08, 2:56 am
Vishwa Arya Arya & Co.

Re: sec 138

repeat question

vishwa arya

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Answered on 12/23/08, 12:46 pm
J. Radhakrishnan independent Practice

Re: sec 138

go by Homi Maratha's advice.

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Answered on 12/23/08, 1:29 pm
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: sec 138

You may first raise a demand and may later file a suit for recovery. The proceedings u/s 138 may also be initiated.

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Answered on 12/27/08, 10:10 am


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