India  |  Banking Law

Legal Question

Asked on: 7/29/13, 7:00 pm

I have taken an education for some PSU Bank and my father is the coobligant who is working as principal to one of the college.DUe to some reasons I am not paying the installments and my father is also not paying.At the time of taking loan bank had taken post dated cheques which were given by my father.These cheques belong to my fathers account.Bank issued notices to us reagarding payment of installments and we didn't paid until now.Now bank is saying that they are going to present the cheque given by my father.Whether the cheque given my father if get bounced,whether they can proceed under sec 138 against my father.Please guide me

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