Legal Question in Administrative Law in India
company managing directors has expired and signatory has been changed. in the mean while loan emi cheque has bounced. please suggest how to come out of 138 negotiable instruments act
Asked on 10/07/10, 8:31 am
1 Answer from Attorneys
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
expiry of signatory is a good defence and can absolve the present signatory of criminal liability. civil liability would stand.
Answered on 10/07/10, 8:33 am
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