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S.Karthick (Student)     08 February 2010

Legal Consequence of Accepting (PDC-Post dated Cheque )

 what is the Legal Consequence faced by the Finance company ( lenders of loan) of Accepting PDC (Post dated Cheque ) from Third party (ie -other than customer & borrower) which is present for payment on behalf the customer.


 2 Replies

Raj Kumar Makkad (Adv P & H High Court Chandigarh)     08 February 2010

If such cheque is bounced, company cannot prove the debt as legally enforceable against such account-holder.

sandeep jindal (ADVOCATE)     13 February 2010

Mr.  Makkad

could you please email me citation on this position of law..


sandeep jindal

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