Legal Question in Banking Law in India
post dated cheks
I had enrolled for ICFAI MBA 2 years correspondence program in September 2006 under the monthly EMI scheme.I had issued 18 Post dated checks of Rs4300 plus Rs10000 as advance.
But because of some unavoidable cirumstances I am not able to ontinue the cource.
I Contacted ICFAI regarding the discontinuation of the course but they are saying that there is no provision for that as I had agreed for the same before.I have to pay the amount even if I discontinue the course which I dont want to do.I am not claiming the refund but they are sending me notices.I dont know what to do.Please help.
2 Answers from Attorneys
Re: post dated cheks
you are advised to consult a competent lawyer,ICFAI is not entitled to claim the ammount.Any agreement/contract with minor has no value in the eyes of law and is not binding.
Fr any other query/assistance cal 9873343288
thanks.
siddharth
Re: post dated cheks
Give them a notice to that effect what you represented before me and if they do not stop issuing notices to you,you send them a legal notice that you are going to initiate legal action against them.
Related Questions & Answers
-
Credit card default: Time limit on civil suit If I default on my credit card debt... Asked 11/21/06, 2:14 pm in India Banking Law
-
Can widow save her home from bank recovery? can widow save her homefrom bank... Asked 11/18/06, 11:36 pm in India Banking Law
-
Section 138 of Negotiable Instruments Act 1881, India In a query to cheque bounce in... Asked 10/20/06, 10:19 am in India Banking Law
-
Sarfeasi act 2002 sir i want to know !)limitation of the SARFEASI Act.2002.13(2).... Asked 10/03/06, 10:46 am in India Banking Law
-
Cheques Bounced I am a stock sub-broker. I had a client who issued 3 post dated... Asked 9/23/06, 12:39 pm in India Banking Law