138 N.I. Act
chiranjib mukherjee
(Querist) 26 January 2010
This query is : Resolved
can u give me decision of supreme court regarding cheque given as security which is subsequently bounced in N.i. act
Raj Kumar Makkad
(Expert) 27 January 2010
Moderna Radio House versus Whirpool of India Limited 2008 (4) RCR (Criminal) 469 (P & H)
B K Raghavendra Rao
(Expert) 27 January 2010
Security cheques also come within the purview of NI Act. A security is that 'I shall pay if he does not'. Legal liability is a component hidden in security.