Legal Question in Banking Law in India

banking law

thre is any authority if any accused given the statement and fail to pay the cheque amount he will punish under section 138 negotiable instrument act.


Asked on 6/16/08, 8:49 am

4 Answers from Attorneys
Aniruddha Pawse Aniruddha.P.Pawse Advocates

Re: banking law

You may find in AIR, or other law journal.

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Answered on 6/17/08, 1:17 pm
G. M. Gupta gmguptaandassociates

Re: banking law

yes u can get it from payment search in courts. its a recent judgement. u can consult us if u want anything on payment

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Answered on 6/16/08, 9:45 am
Homi Maratha N.N. Maratha & Co.-Advocates

Re: banking law

Yes you can get the recovery of your money provided you may state few more facts

OR

You may contact personally alongwith the details.

Professional charges are applicable.

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Answered on 6/16/08, 1:15 pm
J. Radhakrishnan independent Practice

Re: banking law

If you want any decided case law on the issue, by any High Court or Supreme Court, I can only say that we have not come acrosss any such precedent. However, it stands to reason that if the accused in a prosecution under Sec.138 N.I.Act agrees to pay the cheque amount in the course of proceedings and if he fails to fulfil the promise, that itself would prove his admission of the accusation and he is liable for punishment, if he does not pay.

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Answered on 6/16/08, 10:22 pm


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