138 n.i. act

S.Lakshmikanthan (Querist) 20 February 2017 This query is : Resolved
accused issues 1st cheque for the legally enforceable debt for which no notice issued and it got time barred then the accused issues a 2nd cheque for the same debt,but after 3 months from the date of 1st cheque is it valid?is he liable u/s 138 N.I. Act?

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Adv. Yogen Kakade (Expert) 21 February 2017
The date mentioned on the 2nd cheque shall be taken into consideration for the limitation and not the date of the validity of the debt.

Rajendra K Goyal (Expert) 21 February 2017
Agree with the expert.

S.Lakshmikanthan (Querist) 21 February 2017
thank you experts.

Adv. Yogen Kakade (Expert) 22 February 2017
Thanks for agreeing.

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