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
1 comment:
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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