Legal Question in Banking Law in India
Cheque bounce is an offence or not?does it come under section 138 act instrumantal & is it cognizable crrently?
Asked on 12/31/10, 1:15 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
It is an offence, if not paid after notice. It is not a cognizable offence. it is non cognisable in that it has to be filed by way of private complaint and not by the Police.
Answered on 12/31/10, 7:01 am
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