Blogs by amit ankit

Section 138 of N.I Act applicable to company

by amit ankit on in General blogging
Can anyone please advise on sec 138, if a PDC cheque is bounced on account of EMI, signed by a director of a pvt limited company, the loan was a commercial loan by the bank, wherein due to business loss the company could not pay the EMI amount when due. the cars were repossessed and sold by the bank...