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Adv. Amol Umedsing Girase (Advocate)     19 August 2019

Exceeds Arrangment

if cheque is return unpaid on the ground of "exceeds arrangement" then what should be contention in demand notice about cheque return memo.
so as to file complaint under 138 if NI Act


Learning

 3 Replies

Isaac   19 August 2019

it amounts to insufficient funds to meet the cheue. This is enough to issue to proceed under 138 N I act

1 Like

arif khan   31 August 2019

the cheque was presented for engagement but on ..... was dishonored with comments exceed arrangements.

failure to pay amount within 15 days of receipt of notice, offence u/s. 138 is made out. complaint can be filed.

arif khan   31 August 2019

*encashment

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