can any one explain me liability incase of Bearer Cheque U/s 138 of NI Act where there is no legal enforceable liability. any case lasws??????
Swami Sadashiva Brahmendra Sar (Nil) 02 April 2009
rules on dishonor of cheques are equaly applicable to bearer cheques.
Ashey 03 April 2009
to attract sec:138 of NIA , the cheque should be issued towards a legal obligation and the burden of proof lies with the accused to prove that there is no legally enforceable liability
K D Pande (Advocate) 25 August 2009