Legal Question in Criminal Law in India
i have given a cheque of 2lakhs to the party for repaying the hand loan but it was dishounered due to insufficient of funds.beforethe cheque date itried for abank loan against my property but the loan was rejected based on the loan igave the cheque. now the party sent a legal notiece under section 138 now what should ido
Asked on 1/16/11, 12:06 pm
1 Answer from Attorneys
Shrichand Nahar
S.V.Nahar, Advocate
If you fail to pay the amount of cheque before stipulated period, payee may initiate criminal case against you.
Answered on 1/21/11, 12:28 am
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