Legal Question in Banking Law in India
liability of borrower of cheque
Asked on 3/25/16, 6:21 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
25.03.2016
Dear Sir / Madam,
The borrower's liability is to repay and settle the amount borrowed against the cheque (principal) along with agreed interest for the period the loan was availed and utilized by the borrower.
Regards,
Answered on 3/25/16, 9:04 am
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