Legal Question in Credit and Debt Law in India

Notice U/s.138

The Personal Loan was taken from Citi Bank at Pune, due to bad finacial condition there was default in repayment of EMI. The said fact was informed to bank and also informed the bank ''not to deposit the blank security cheque taken for the puposes of unforseen charges at the time of agreement''. The said bank cheque was deposited and returned dishonoured.The bank now issued notce u/s.138 that too from Bombay where as in fact the entire transaction was completed in pune. How to replay the said illegal notice. H


Asked on 1/31/09, 1:56 am

3 Answers from Attorneys
Homi Maratha N.N. Maratha & Co.-Advocates

Re: Notice U/s.138

Hello.

Good Evening.

You may contact a local lawyer who practices in criminal area.

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Answered on 2/07/09, 6:46 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: Notice U/s.138

You may take the available defence (s) in your reply, but you may hardly be able to avoid your liability.

It may be better to reach an out of court settlement with the Bank. You may end up in paying much more than your liability.

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Answered on 1/31/09, 9:22 am
Prof.Somnath Mukherjee s.mukherjee associates,09874053359

Re: Notice U/s.138

You are request to contact acriminal lawyer.

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Answered on 1/31/09, 1:28 pm


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