LawforAll
advocatemmmohan
- advocatemmmohan
- since 1985 practicing as advocate in both civil & criminal laws
WELCOME TO LEGAL WORLD
WELCOME TO MY LEGAL WORLD - SHARE THE KNOWLEDGE
Friday, October 8, 2010
TIME BARRED DEBT - CHEQUE BOUNCE
LEGALLY RECOVERABLE DEBT, WHICH IS NOT TIME BARRED DEBT - NOT ENFORCEABLE IN TERMS OF EXPLANATION TO SEC.138 . MERE ISSUING A CHEQUE WITHOUT ANYTHING MORE WILL NOT REVIVE A TIME BARRED DEBT AS PER SEC.25[3] OF INDIA CONTRACT ACT AND SEC.18 OF INDIAN LIMITATION ACT . SO WHEN THE CHEQUE WAS BOUNCED NO CASE IS MAINTAINABLE-2010[1] ALD CRIMINAL [BOM.NOC21]14.