Legal Question in Banking Law in India
Sir,
We are a finance company and we are financing to Indian citizens only. A customer has given post dated cheques of NRE Savings bank account.
Can we proceed against him legally initiating sec-138 incase of his cheuqes get bounced for the reason Insuffucient funds as like other normal bank account holders?
T Sri Kumar
Asked on 7/01/10, 10:07 pm
2 Answers from Attorneys
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
you can proceed against him but in case he is not in india, you may have some procedural difficulties in serving the summons to him.
Answered on 7/02/10, 12:29 am
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