Legal Question in Banking Law in India

Settle the issue amicably without getting into court. If incase the opponents go to court then you may have to prove all the issues.

firstly, have they served upon you any legal notice. if not, you need to wait for the same and it is mandatory for initiating any proceedings u/s 138 of NI Act. in their notice itself they would be trapped as they would mention that the cheque was paid as per agreement but according to you, that is not the case. once you receive the notice, get back to us and we suggest you the best possible reply.

You should make appropriate reply to the notice based on correct facts. If you any liability which may be even different than the cheque amount, you should try to settle the dispute amicably and avoid litigation.

Cheque issued as security did not attract the provisons of 138 as per latest judgments. So dont worry and engage any effecient local lawyer to defend your case.

Your further clarification is welcome at nominal consultation fee;

KAMAL GROVER,

Advocate (Chandigarh, India)

M: +919814110005

e-mail: [email protected]

Note: We are group of advocates, experts in different fields of law in Supreme Court, All High Courts and few district courts of India and your case will be handled by our experts in your locality in India. Rest you may get only guidance and can engage any local lawyer plz..

Regards and good luck