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138 of NI Act

(Querist) 26 May 2011 This query is : Resolved 
Written settlement given for X amount during the year 2000, thereafter no oral or written undertaking given..
cheque for X + interest @24% presented ,dishonured..in the year 2003.
What is the type of this transanction between say A & B ??? does this attract
138 of NI act ????
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DEFENSE ADVOCATE.-firmaction@g (Expert) 26 May 2011
it is time barred.
Isaac Gabriel (Expert) 26 May 2011
Criminal liability is exhausted.But it depends upon the wordings in the undertaking to proceed civil action.

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