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.
4 Answers from Attorneys
Re: banking law
You may find in AIR, or other law journal.
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
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.
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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