Legal Question in Criminal Law in India

Cheque bounce

Hi

a friend of mine in india has borrowed money(handloan) for business and isued blank cheques.Now he is completely bankrupt and attempted suicide due to heavy loss.wat happens if lender files a case of cheque bounce and if my friend is unable to pay in the court?? will he be only punished..if yes, what is the punishment for cheque bounce and inability to repay any money..pls answer


Asked on 8/07/08, 3:55 pm

4 Answers from Attorneys
ranjith reddy reddy's law firm

Re: Cheque bounce

2 years or more and double of the cheque amount

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Answered on 8/07/08, 11:00 pm
Shrichand Nahar S.V.Nahar, Advocate

Re: Cheque bounce

In a criminal case u/s.138, refund of money is not the criteria. For the offence, punishment is upto 2 years and in default of payment of compensation or fine, couple of more months.

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Answered on 8/08/08, 1:35 am
Aniruddha Pawse Aniruddha.P.Pawse Advocates

Re: Cheque bounce

2 years imprisonment and/or upto double the amount of cheque is the punishment for chq bounching.

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Answered on 8/08/08, 1:50 am
Homi Maratha N.N. Maratha & Co.-Advocates

Re: Cheque bounce

Its 2 yrs or more and double amount of the cheque amount.

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Answered on 8/08/08, 2:25 am


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