Prevention Of Money Laundering Act.
pratik
(Querist) 01 August 2010
This query is : Resolved
Prevention Of Money Laundering Act
1)I have heard that if the person is under the finanical business of money lending or if he is not under the buiness of money laundering & if he gives any finanical help to any one & after some period when the party who has taken the finanical help gives the cheque of returing the loan amount & if the particular cheque bouns than as per section 138 of the NI act, 1881 the person who has given the laon to the person cannot file a case against the cheque bouncing against him. pls tell whether i am wright or wrong & i have also heard that the case laws is also there for the above mentioned query so pls forwardit to me if possible .
2) Can any body tell me the Doctrine of past consideration & past perforamnce if possible with the help of a example. It will be useful for me in my law exams pls .
Thanks In Advance.
