Legal Question in Banking Law in
i AM A DEFAULTER FOR PAST 8 MONTHS I HAVE NO MONEY SO WHAT SHALL I DO AS THERE IS A BALANCE OF 90000.iS LEGALLY THE BANK CAN TAKE ANY LEGAL ACTION AND PUT ME BEHIND BARS
Asked on 10/05/10, 11:45 pm
2 Answers from Attorneys
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
the bank may file a civil suit for recovery or in case case the cheque is given, a bailable offence under sec. 138 of negotiable instruments act.
Answered on 10/06/10, 2:19 am
Vishwa Arya
Arya & Co.
in absence of any cheque given, the liability is civil. why worry about bars.
Answered on 10/09/10, 12:54 am
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