Legal Question in Banking Law in India
Is clearing a cheque in second attempt a criminal offence? Does it damage the credibility of the cheque drawer?
Asked on 6/16/13, 4:30 am
3 Answers from Attorneys
Fca Prashant Chavan
Expert Edge LLP
16.06.2013
Dear Sir / Madam,
A cheque cleared in second attempt is not a criminal offence. If the fault is of the payer, it does damage his credibility in case of repeated defaults.
Regards,
Answered on 6/16/13, 5:22 am
J. Radhakrishnan
independent Practice
No, as long as the cheque is cleared there is no offence
Answered on 6/16/13, 6:47 am
KarVai Legal Solutions
Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in
clearance of cheque even by third attempt is not an offence.
Answered on 6/17/13, 12:41 am
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