Legal Question in Banking Law in India
Does cheque drawn on an account declared NPA is dishonoured attracts criminal liabilty u/s. 138 of N I Act
Asked on 5/27/10, 12:57 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
any return of cheque for insufficiency of funds can attract an action under Sec.138 of the N.I.Act whether the debt for which it was issued is a live or NP account.
Answered on 6/02/10, 2:23 am
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