does presentation of a chq in 6months validity makes it valid for next six months.
also ina chq is presented in six months for the first time and bounces but no action is initiated .
then it is again presented but then after the validity of 6 months, bounces, can notice be served under sec138
Asked on 7/30/12, 8:14 am
3 Answers from Attorneys
RAJIV GUPTA
(Cell: +91 9811284735) lawnrajiv@gmail.com
in case the cheque was present after six months from the date it was issued, the action u/s 138 cannot be initiated but if it it was present with six months even if for second or third time, notice can be sent.
Answered on 7/30/12, 9:24 pm
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
1)No
2) Yes if case is filed within limitation
Answered on 8/03/12, 4:52 am
Shrichand Nahar
S.V.Nahar, Advocate
Expired Cheque has no value.
Answered on 8/29/12, 11:31 pm
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