Legal Question in Banking Law in India
if a cheque is presented after the validity of 6 months and bounces can action be taken under sec138.
(it was presented once in validity of 6 months and bounced but no action initiated as per the norms.)
Asked on 6/27/12, 1:48 am
2 Answers from Attorneys
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
action cannot be taken after the validity is over and the notice is not sent within one month of dishonour even if the notice date falls after 6 months.
Answered on 6/27/12, 3:13 am
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