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NBFC’s/Banks Cheque Bounce & EMI Issues |

NBFC’s/Banks Cheque Bounce & EMI Issues

Home ⁄ Cheque Bounce Legal Advice ⁄ NBFC’s/Banks Cheque Bounce & EMI Issues

NBFC’s/Banks Cheque Bounce & EMI Issues

We have currently sales down, due to this we have issues to clear EMI's taken from Banks/NBFC's due to which they presented cheque bounce cases under section 138.

Answers (1)

Dear Sir / Ma’am,
Greetings from Company Vakil !!
Hi ,the offence under negotiable instrument act is bailable..You can obtain the bail from court by providing a surety ..The offence is compoundable ,and it can be withdrawn once you deposit the cheque amount with the court ..