My uncle gave a few cheques to five different people. He also took cash from them to invest in his business. Unfortunately, the business failed and he lost everything. Now, these people are threatening to bounce the cheques. Will he be able to avoid legal trouble if they do?
1 Answers
Best Answer
Your uncle may face legal trouble as issuing bad cheques is a criminal offense under Section 138 of the Negotiable Instruments Act. He can try to negotiate with the cheque holders and settle the matter amicably, but if they proceed legally, he may face imprisonment and/or a fine.
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