Legal Question in Banking Law in
under sec 138 NI ACT what is the liability of the third party issuing cheque for contracting party
Asked on 8/04/10, 7:40 pm
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
Any drawer of a cheque whether in payment of his own debt or sombody else is liable to be proceeded against under Sec.138 of N.I.Act, if the cheque bounces for insufficient funds
Answered on 8/05/10, 7:57 pm
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