My Personal Loan banker has filed a suit under Section 138B of NI Act for Cheque bounce due to `Insufficient Funds'. However, the said cheque (used as exhibit) neither belongs to me nor has been issued by me. It is of some unknown person having no relation with me.
The PL account is now regular as well. (Though it was overdue earlier for some time due to financial problems.)
Hence, it is visible that they have filed a suit out of ignorance or are trying to harrass purposely.
Can Section 138B apply to third party cheque bounce as well?
What should I do now?