Legal Question in Credit and Debt Law in India

We have two security cheque. can we deposit it in my bank suppose cheque would dishounered by bank . we can file 138u/s case against cheque issuer company.


Asked on 2/18/16, 1:17 am

2 Answers from Attorneys

Yes, provided the terms and conditions when to present the security cheques are strictly complied with.

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Answered on 2/18/16, 8:01 am
Fca Prashant Chavan Expert Edge LLP

19.02.2016

Dear Sir / Madam,

Yes, you can deposit the security cheque in your Bank, and if dishonoured, you can file a cheque dishonour recovery case under Section 138 of the Negotiable Instruments Act, 1938.

Regards,

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Answered on 2/18/16, 9:19 pm


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