Legal Question in Banking Law in India
What is the legal action I can take against a NRI who borrowed money from me and given a NRO cheque and when i present , it got bounced? Can I suit a case against hime since he is a NRI residing at bahrain and now he is India?
Asked on 10/25/10, 3:55 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
You can file a suit against the NRI and get a decree and attach his assets, bank balance in India. if you have not take action against him within time under Sec.138 N.I.Act, the prosecution course is now not available.
Answered on 10/25/10, 11:29 am
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