Legal Question in Banking Law in India
If somebody respond to the notice of 138 NI Act within 15 days then what is the position to file a suit
Asked on 12/09/10, 11:09 pm
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
If he does not pay, the holder of the cheque has to file complaint in the Magistrate's Court within a month from the expiry of 15 days of receipt of notice by the drawer.
Answered on 12/10/10, 7:52 am
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