Legal Question in Banking Law in India
Dear Sir/Madam,
Under Section 138 of the Negotiable Instrument Act,1881, can a person who signs a cheque on behalf of the institution be included as a party or is the present in-charge of the institution held liable?
Asked on 3/07/13, 7:57 pm
3 Answers from Attorneys
Vishwa Arya
Arya & Co.
If institution is run by a company/firm then yes. it would depend upon the constitution of the management of the institutuion.
Answered on 3/07/13, 8:08 pm
RAMAN KUMAR BHARDWAJ
R.K. BHARDWAJ & ASSOCIATES
the person who signed the cheque is liable
Answered on 3/08/13, 4:31 am
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