Legal Question in Banking Law in India
banking law
myself issued chq to individual they presented to bank after 180 days. bankers admitted chques for clearing due not non avilability of fund they mentioned funds no avilable.actualy funds not avilable at the same time after 180 days how the bankers admitted the chq for clearing. whether any legal action we can take against bank for their action.
Asked on 6/26/08, 11:17 am
3 Answers from Attorneys
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
Re: banking law
Already Replied
Answered on 7/14/08, 5:17 am
J. Radhakrishnan
independent Practice
Re: banking law
In view of the cheque having been presented after 180 days after the date of the cheque, and the same having been returned for insufficiency of funds, no action can be taken against the drawer under Sec.138 of the N.I.Act in view of the proviso (a) to that Section
Answered on 6/26/08, 9:48 pm
G. M. Gupta
gmguptaandassociates
Re: banking law
already replie
Answered on 6/27/08, 3:45 am
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