Cheque got bouced due to "STOP PAYMENT MADE" what will be the legal remidies, whether Negotiable Instruments Act, 1881 applicable is this case, if the FUND IS SUFFIENT in bank on that particular date but the payment made Stop by the cheque issuer.
rajendra (dir) 10 November 2011
Cheque got bouced due to "STOP PAYMENT MADE" what will be the legal remidies, whether Negotiable Instruments Act, 1881 applicable is this case, if the FUND IS SUFFIENT in bank on that particular date but the payment made Stop by the cheque issuer.
Arvind Singh Chauhan (advocate) 10 November 2011
According to plain reading of 138 it does not cover NI act. Civil remedy as recovery suit is available.
sridhar pasumarthy (ADVOCATE) 10 November 2011
Dear Rajendra,
Even if the bank dishonours the cheque for the reason"stop payment", you can avail the remedy u/s 138 of N.I. Act.
DEFENSE ADVOCATE.-firmaction@g (POWER OF DEFENSE IS IMMENSE ) 13 December 2011
ON What was the liability and terms will depend further action.
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