Legal Question in Credit and Debt Law in India
Is ECS return is covered by sec 138?
After a cheque return what is the maximum time for filling a suit under sec 138
Asked on 12/22/15, 7:57 pm
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
24.12.2015
Dear Sir / Madam,
Yes, an ECS cheque return is covered by Section 138 of the Negotiable Instruments Act, 1881. A suit under Section 138 must be filed within 30 days of the date of intimation notice of cheque dishonour sent by the Bank.
Regards,
Answered on 12/23/15, 10:43 am
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