Legal Question in Banking Law in India
a corporate co has taken blank pre signed cheques and have filed a 138 case
Asked on 3/18/11, 6:20 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
there is nothing wrong on the company if amounts filled up by the company are due to them. The drawer cannot escape the consequences of giving signed blank cheques to any person if amounts are owing to him or it.
Answered on 3/18/11, 10:44 pm
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