Cheque bounce due to the closure of account

Question asked on: 26/07/2019 I have given 28000 to my friend after some time he gave me a cheque. When I presented that cheque to the bank for its encashment, it became dishonoured due to the closure of the account. However, I have his bike ok and RTO papers and want...

A company committed offence under section 138 N I Act

Question asked on: 18/01/2017 Whether a company is liable for the offence of cheque dishonour under section 138 of NI Act? Advised by: Shivendra Pratap Singh, When a company issued a cheque and it is dishonoured by the drawee bank it is said that offence under section...

Section 142 of The Negotiable Instruments Act, 1881

Question asked on: 15/01/2017 I am a software engineer and working in Infosys. One of my colleagues met financial hardship and requested from me to give five lakh rupees. I remitted that amount in his bank account. I have evidence to prove that he took an unsecured...

section 138 of the negotiable instrument act 1881

Question asked on: 15/01/2017 My friend issued a cheque for discharge of his liability but it is dishonoured due to insufficient fund. I want to know that when it can be said that offence under section 138 has committed.  Advised by: Shivendra Pratap Singh, Dishonour...