Legal Question in Banking Law in India
cheque returned with memo refer to drawer. does it come under NI act. shall i be able to file a complaint and sue the drawer with in this act
Asked on 10/19/16, 10:16 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
20.10.2016
Dear Sir / Madam,
Yes, a cheque returned by the Bank with any reason comes under the purview of Section 138 of the Negotiable Instruments Act. You are legally entitled to sue the drawer for cheque dishonour.
Regards,
Answered on 10/19/16, 6:54 pm
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