Legal Question in Banking Law in India

Sir/Madam I have given cheque to one party which has got bounced and i have received the summons but i have not attended because i belong to hyderabad and case is at moga punjab and then bailable warrants issued and i honoured at hyderabad with 1 surity and 5000 dd in fvour of the court still i need to provide surities at moga to present in the court on next hearing please advise me


Asked on 3/04/13, 10:19 am

4 Answers from Attorneys
Fca Prashant Chavan Expert Edge LLP

05.03.2013

Dear Sir / Madam,

Instead of getting into more complications, it is advisable and better to settle and pay up the value of the cheque with some additional compensation for delay and close the matter.

Regards,

FCA Prashant Chavan

Mumbai

(You can also mail me for any further on-line advice at [email protected])

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Answered on 3/05/13, 5:20 am
Jayesh Desai Jayesh Desai

It is advisable to pay up, if you are liable to pay. Prima facie it seems you are liable.

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Answered on 3/11/13, 1:41 am
Sanjay Kalra Sanjay Kalra & Associates

Engage a lawyer to get you out from this imbroglio................Please check Sanjay Kalra and Associates on the internet to know more about our law firm and the legal services we are rendering for our clients from all over the World.

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Answered on 3/11/13, 2:24 am


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