Legal Question in Banking Law in India
if a cheque is given as collateral security for a hand loan and if it is dishonoured due to insufficiency of funds, can the payee sue the drawer. tell me the whole law and sections please
Asked on 1/22/12, 12:43 am
2 Answers from Attorneys
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
consult a local lawyer with full facts.
Answered on 1/22/12, 2:42 am
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
he can sue the drawer and for law and citations, hire a lawyer.
Answered on 1/24/12, 12:05 am
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