Legal Question in Business Law in Pakistan
if a cheque is bounced three years ago,can we register case under 489F ,after three years.Is there any time limit for registration of bounced cheque.
Asked on 2/17/10, 4:10 am
1 Answer from Attorneys
Faraz Ahmed Qureshi
M Ishaque & Co.
The maximum time limit as fixed by the Limitations Act 1908 (Schedule I) for a bill of exchange (i.e.the same meaning as in section 5 of the Negotiable Instruments Act, 1881 (XXVI of 1881), and including a Hundi and a Cheque), is set upto three years only and not thereafter.
Answered on 2/17/10, 7:59 pm
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