Legal Question in Criminal Law in India

Negotiable Instruments Act

Will cheque given towards security of loan attract the Sec.138 r/w142 applies when the accused/borrower does not pay even a single installment as agreed in the Loan Agreement?


Asked on 9/11/08, 2:15 pm

8 Answers from Attorneys
Sanjay Shah Shah & Shah

Re: Negotiable Instruments Act

yes it attracts section 138 as well as 142 of Negotiable Instrument Act.

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Answered on 9/12/08, 5:08 am
Aniruddha Pawse Aniruddha.P.Pawse Advocates

Re: Negotiable Instruments Act

Yes

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Answered on 9/12/08, 5:26 am
Vijay Chandavale Advocate Vijay Chandavale & Associates

Re: Negotiable Instruments Act

Yes why not it has no concern . Only requirement is that cheque should have been given for legal dues

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Answered on 9/14/08, 1:31 pm
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: Negotiable Instruments Act

yes, security for a loan is a good consideratin; and bouncing of a cheque given towards security should attract 138.

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Answered on 9/11/08, 2:21 pm
Shrichand Nahar S.V.Nahar, Advocate

Re: Negotiable Instruments Act

Provisions will be applicable, unless there is specific agreement between the parties not to use those cheques.

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Answered on 9/13/08, 1:10 am
Shrichand Nahar S.V.Nahar, Advocate

Re: Negotiable Instruments Act

Provisions will be applicable, unless there is specific agreement between the parties not to use those cheques.

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Answered on 9/13/08, 1:12 am
Shrichand Nahar S.V.Nahar, Advocate

Re: Negotiable Instruments Act

Provisions will be applicable, unless there is specific agreement between the parties not to use those cheques.

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Answered on 9/13/08, 1:12 am
Shrichand Nahar S.V.Nahar, Advocate

Re: Negotiable Instruments Act

Provisions will be applicable, unless there is specific agreement between the parties not to use those cheques.

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Answered on 9/13/08, 1:17 am


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