What is the meaning of 'Not arranged for'
the reason has been mentioned in Memo by the bank in whome the cheqoe was drawn
aruntrivedi (lawyer) 13 September 2008
the balance is short - and account holder must have informed bank that he/she is arranging for funds but could not do in time hence bank returned the chq with remarks "not arranged for" you can again deposit the chq and the intensity of economic offence decreases. It can be taken into account that the drawee wanted to pay the amount of chq but could not arranged in time. But under N. I. Act, the chq dishonoured and returned unpaid with any reason that is payment is denied or not paid is an offence, but the penalty would be less considering his attitude may be rather positive.
Guest (n/a) 13 September 2008
DEAR SIR ,
"NOT ARRANGED" ALSO MEANS " FUND INSUFFICIENT " AND HE CAN BE VERY WELL PROSECUTED U/S 138 OF NI ACT.
BUT, I HAVE A DIFFERENT OPENION ON THE QUANTUM OF PUNISHMENT.ONCE THE INGREDIENTS OF 138 ARE SATISFIED ,ACCUSED SHALL BE PUNISHED ACCORDINGLY. HE WAS READY TO PAY , BUT HE COULDNOT ARRANGE, IS NOT SUFFICIENT FOR A REDUCED PUNISHMENT.
CRIMINAL COURTS WILL CONSIDER REDUCTION IN QUANTUM OF PUNISHMENT, ONLY ON CERTAIN MITIGATING CIRCUMSTANCES SUCH AS OLD AGE, SICK OR INFIRM PERSON etc
Guest (n/a) 14 September 2008
Dear Mr. Chetan,
The term clearly comes under the purview "FUNDS INSUFFICIENT", and the said term clearly comes under the purview of Section 138, N I Act. And you may commence the proceedings under the same.
DEFENSE ADVOCATE.-firmaction@g (POWER OF DEFENSE IS IMMENSE ) 08 February 2012
Light is white but when it is passed through PRISM it is converted into seven different colors which are totally contradictory with each other. THIS IS POWER OF CROSS, POWER OF DEFENSE.
It is applicable in all cases and particularly easy to demolish any cheque bounce case by properly conducted cross examination of complainant and its witnesses.
IF YOU ARE FOR THE ACCUSED EVEN AFTER BOUNCE THERE ARE NO OF EASCAPE ROUTES TO WIN THE CASE.