Dishonour of Cheque- Loan for purchase of Vehicle-Post Dated
cheques issued-Non payment of loan installment-Vehicle Seized.
Held, after seizure of vehicle post dated cheques cannot be
presented for encashment-Owner has to take other legal remedies for recovery of
balance amount-When vehicle is sold subsequently the sale proceeds thereof can
be adjusted against the loan and owner can recover the balance amount, if any-
No offence of Section 138 of the Negotiable Instrument Act made out.
If you want to read the judgment ,
please make a request at
Regards
Deepak Miglani Advocate
Deepak Miglani Advocate
President Legal Point Foundation
Phone No:-
09958086337(Delhi);09215514435(Haryana),
For query:-deepakmiglani@hotmail.com
Our main aim is to remove legal ignorance
from our country
Nice article. This is very helpful for all people who want to know more about loan for purchase of vehicle. Condition and terms are describe here briefly. I Like information. Thanks for sharing.
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