A Chartered Accountant received fees in the name of his CA Firm, did pre investment feasibility report, Detailed Project report and certain other works.Due to some dispute HUF of, proprietor of CA Firm issued cheques to repay the amount to the company and they got bounced.
Now question arises :
(1) Whether the karta of HUF shall be liable for fees received by
CA firm ?
(2) Whether fees received by CA Firm and returned by his HUF to the company is a Debt or Legally enforceable liability against karta of HUF?
(3) Whether cheque issued by HUF to return the fees of CA Firm shall be treated as issued for consideration?
PLEASE COMMENT ON THE PROBLEMS WITH RESPECT TO NEGOTIABLE INSTRUMENT ACT.