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WebSection 138 applies only in case of insufficient fund as as you have stop the cheque payment you have all the reason to contest and reply the notice received in this regard if … WebIn the circumstances aforesaid, My client instructs us to call upon you, which I hereby do, to remit to My client direct or to us, on his behalf, the said sum of Rs. 1,00,000/- (Rupees One Lakh Only) being the amount covered under the aforesaid dishonored cheque, and so also the Sum of Rs 15,000/- (Fifteen Thousand Only) of the total amount due … sieuthichattayrua
Cheque Bounce Notice Format - LawRato.com
WebJul 17, 2024 · CONCLUSION: Section 138 NI Act The High Court did not delve into as many questions of law as the appellate Court had. It focused its attention on ascertaining whether or not procedural law had been complied with. On finding that the complainant had failed to comply with the notice procedure under Section 138 NI Act, it acquitted the accused. WebDec 16, 2024 · Even after the notice, the drawer has not paid the said amount, within 15 days after sending the said notice. So the above conditions must have been fulfilled to constitute an offence of cheque bounce under Section 138 of the Negotiable Instruments Act. This was stated by the court in the case of MSR Leathers v. S. Palaniappan, 2013. Jurisdiction WebNotice received under section 138 what should i do now In Cheque Bounce Law Sir, I took loan from private person ₹ 150000 in may2015 gavr blank cheques and payed ₹ 7500 … sieuthicaphe