Mr.Sumit is not liable under 138 NI act. But civil suit for recovery may lie if he is enjoying the estate of his father.

Respected Raj Sir!,

                                  Thanks a lot for guiding us time to time.

• sir. 

• I  AM  A.BHASKAR RAO  AGE 62 A RETIRED EXECUTIVE FROM A COMPANY. I RETIRED ON 30 TH MAR 2014.
• THE COMPANY HAS AVAILED A TERM LOAN FROM KOTAK MAHENDRA BANK HYD .AS AN AUTHORISED SIGNATURE SIGNED SOME  BLANK CHEQUES DURING MY SERVICE. IE BEFORE 31 ST MARCH2014. I WAS ONE OF THE JOINT SIGNATURES.
• BUT  IN AUG 2014 THEY PRESENTED A CHEQUE IN THE BANK   AND THE CHEQUE WAS RETURNED UNPAID.
• AM I RESPONCIBLE  AND LIABLE UNDER SEC 138 OF N I ACT.. 
• THE BANK HAS ISSUED NITICE AND FILED A CASE AG ME ALONG WITH THE COMPANY.
•  PLEASE ADVISE ME

     .A BHASKAR RAO

09949287444

• sir. 

• I  AM  A.BHASKAR RAO  AGE 62 A RETIRED EXECUTIVE FROM A COMPANY. I RETIRED ON 30 TH MAR 2014.
• THE COMPANY HAS AVAILED A TERM LOAN FROM KOTAK MAHENDRA BANK HYD .AS AN AUTHORISED SIGNATURE SIGNED SOME  BLANK CHEQUES DURING MY SERVICE. IE BEFORE 31 ST MARCH2014. I WAS ONE OF THE JOINT SIGNATURES.
• BUT  IN AUG 2014 THEY PRESENTED A CHEQUE IN THE BANK   AND THE CHEQUE WAS RETURNED UNPAID.
• AM I RESPONCIBLE  AND LIABLE UNDER SEC 138 OF N I ACT.. 
• THE BANK HAS ISSUED NITICE AND FILED A CASE AG ME ALONG WITH THE COMPANY.
•  PLEASE ADVISE ME  regards  and thanks

     .A BHASKAR RAO

09949287444