Legal Question in Banking Law in India

138

whether PDC cheques attrack sec 138 of Negotialble instrument act if dishonoured


Asked on 6/29/07, 10:15 am

5 Answers from Attorneys
kavitha balakrishnan kpp associates

Re: 138

any negotiable instrument if dishonoured will attract s.138

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Answered on 7/01/07, 12:16 pm

Re: 138

138 attracted when the PDC bounced on presentation on its due date.

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Answered on 6/29/07, 12:56 pm
Sanjay Shah Shah & Shah

Re: 138

PDC Cheques becomes instrument only on the date mentioned on the cheques and when it will present for encashment and dishonoured. it attracts 138 N.I. Act

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Answered on 6/29/07, 2:20 pm
G. M. Gupta gmguptaandassociates

Re: 138

any cheque when properly presented and gets bounced, attracts legal action under section 138 NIA.

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Answered on 6/29/07, 2:27 pm
Vivek Mapara Mapara Law Firm

Re: 138

IF PDC is deposited before date and due to which it bounced, then it does not attracy 138, but if the same is deposited in its due date, and if it bounces, then 138 is attracted

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Answered on 6/30/07, 1:52 am


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