India | Banking Law
Legal Question
I Have Saving A/c and in the same branch also one Loan A/c. The bank has taken blank cheques of my above saving a/c. from me at the time of loan. can bank dishnour my cheques and file complaint u/s.138 when cheque is of them and also given to them against loan installment. pl. guide is there any authority of bom. high court or suprm. court
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Legal Answer
Bank can file complaint.
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www.lawconcern.com 7A Queens Court 130 Montieth Road Egmore Chennai Chennai,india, NUS 600008
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Legal Answer
yes, the bank is at liberty to initiate proceedings u/s 138 NI Act
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(Cell: +91 9811284735) lawnrajiv@gmail.com Kar Vai Legal Solutions, Founder, 359, Western Wing, Tis Hazari Courts Delhi, India., 110054
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The Bank as payee of the cheques can file a complaint. But whether they will go in for that is a moot question. As far as we know , there is no case law in which the drawee bank itself has filed the complaint.
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independent Practice Priya Mahaall, New 27, Old 12/3, Deivasigamani Street Chennai, NUS 600014
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