138 of NI Act

venkat reddy (Querist) 28 February 2009 This query is : Resolved
What is the meaning of legally enforceble debt and scope of it under 138 of ni act.

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KamalNayanSaxena (Expert) 28 February 2009
An explanation is provided to Section 138 to define the words "debt or other liability" to mean a legally enforceable debt or other liability"

M. PIRAVI PERUMAL (Expert) 28 February 2009
I agree with the view.

Rajan Salvi (Expert) 01 March 2009
see my posting in criminal law- illegal debt not enforceable.

PALNITKAR V.V. (Expert) 02 March 2009
It has to be legally enforceable debt.

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138 of NI Act

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