Legal Question in Credit and Debt Law in India

Dear Sir/Madam,
A company has an account with a co-op. credit society.We sold goods to the company for which we have the necessary documents to prove.The said company issued cheques of the society against the transaction but were dishonoured due to insufficient funds.Can I file a complaint under Sec. 138 of NIA, given that the cheques were issued from a credit society account.
Kindly advise.
Best Regards
Vishwas

Asked on 8/04/09, 9:11 am

Rohini Kumar Tenneti R.K.1080 LEGAL SERVICES

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You can file a case against the company u/s 138 of NI act.

Answered on 8/04/09, 11:51 am

Vishwa Arya Arya & Co.

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Credit society is as good as a bank. the complaint will be maintainable.

Answered on 8/04/09, 2:38 pm

Sudershan Goel India Law Offices of Sudershan Goel - Advocate

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I agree with the above opinion.

Answered on 8/04/09, 7:58 pm

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