Legal Question in Banking Law in India
A person bought material from my firm and gave cheque in the name of firm, but eventually cheque bounced due to insufficient funds. On inquiring from bank it came to knowledge that mine was not 1st case, he has issued cheques to many people who all are suffering.
The address given to bank presently belongs to some other person who is unknown to the fraudy. What should be done in this situation. Only 138 is applicable or in any way IPC 420 can apply?
2 Answers from Attorneys
16.05.2016
Dear Sir / Madam,
Lodging a Police complaint besides pursuing Section 138 to amicably and quickly resolve the matter is advisable and recommended.
Regards,
Read my following article on the queried subject.
www.lawguru.com/articles/law/dishonored-cheque-collecting-banker-charges-rationale
www.lawyersclubindia.com/articles/Absconded-drawer-Dishonoured-cheque-7077.asp
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