Legal Question in Criminal Law in India

138 negotiable instrument act

cheque given as a security can becoe as legal liability?


Asked on 8/11/07, 3:09 am

4 Answers from Attorneys
G. M. Gupta gmguptaandassociates

Re: 138 negotiable instrument act

my answer is a clear NO

For further and detailed advice please consult personally with documents. Consultation charges will apply.

Read more
Answered on 8/12/07, 3:13 am

Re: 138 negotiable instrument act

Yes,if there is an infringement.

Read more
Answered on 8/11/07, 1:29 pm
Alok Sharma Alok Sharma & Associates

Re: 138 negotiable instrument act

Answer is a big YES, however it depends on circumstances also. Just apply common sense without any reference to law. What is Security..an assurance to perform in case of default by some one else. Is it not a liablity.

Read more
Answered on 8/12/07, 1:59 am
Shrichand Nahar S.V.Nahar, Advocate

Re: 138 negotiable instrument act

It all depends on the terms agreed while issuing the cheque.

Read more
Answered on 8/12/07, 2:20 am


Related Questions & Answers

More Criminal Law questions and answers in India