Legal Question in Banking Law in India
Please tell me if whether a non CTS cheque issued very early (post dated) returned/bounced for the reason of stop payment made comes under NI act 139??
if sufficient funds are there in account and still cheque bounced due to stop payment ..is it punishable??pls reply
Asked on 11/14/13, 9:36 am
1 Answer from Attorneys
Vishwa Arya
Arya & Co.
Notice still could be framed and the accused shall have to prove why was payment stopped and that there was no liability
Answered on 11/14/13, 9:42 am
Related Questions & Answers
-
My father had taken Personal loan from a private bank, who is no more now. Bank... Asked 11/12/13, 10:26 pm in India Banking Law
-
Sir, I was selected in UCO Bank as a Probationary Officer and was supposed to join... Asked 11/09/13, 10:56 pm in India Banking Law
-
I have a fixed deposit with my mother.Mother is first applicant. In my absencenc my... Asked 11/08/13, 4:31 am in India Banking Law
-
Whether the Partnership Firm, whose property has been mortgaged to the Bank, can... Asked 11/08/13, 12:50 am in India Banking Law
-
X issues a cheque in the name of Y.Y endorses it to Z for valid consideration.Z... Asked 11/06/13, 5:51 am in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
