Legal Notice under Section 138 of The Negotiable Instruments Act, 1881

22. Nov, 2010

Mr. Z

Address….

Dear Sir,

Re:  Legal Notice under Section 138 of The Negotiable Instruments Act, 1881

We act on behalf of our client the Bank 1 and have instructions to serve this notice upon you as follows:

01.                 That you have issued following 02 (two) cheques in favour of our client, particulars of which are given below, drawn on your account No. 002-079291-011 maintained with the Bank 1 Office in order to discharge of your loan liability in part with our client:

Cheque No. Dated Amount Date of   dishonour
866880 10.04.2004 Tk.    16,495.00 03.06.2004
866882 12.05.2004 Tk. 1,31,962.00 05.06.2004
Total Tk. 1,48,457.00

02.                 That our client presented the aforesaid cheques for encashment but both of the cheques were returned unpaid with remark “insufficient fund” in the respective Memos issued by the Bank 1 Office on the dates as mentioned above.

03.                 That under section 138 of the Negotiable Instruments Act 1881, dishonour of a cheque due to ‘insufficient fund’ is a criminal offence. Both the aforesaid cheques have been dishonoured by the drawee Bank due to ‘insufficient funds’ and thereby fall under the mentioned section.

In the premises stated above, you are requested to pay the aggregate cheque amount of Tk. 1,48,457.00 (Taka one lac forty eight thousand four hundred and fifty seven) only to our client within 15 (fifteen) days of receipt of this notice, failing which you will be deemed to have committed an offence under section 138 of the Negotiable Instruments Act, 1881 and will be liable for punishment in the form of imprisonment for a term which may extend to one year or with fine which may extend to thrice of the cheque amount, or with both, and we have instructions from our client to take legal action against you under section 138 of the Negotiable Instruments Act 1881.

A copy of this notice is kept in our office for future reference.

Yours faithfully,

………………….

For: “The Lawyers & Jurists”

Incoming search terms:

You are here: Legal Opinion Legal Notice under Section 138 of The Negotiable Instruments Act, 1881

Disclaimer: The information contains in this web-site is prepared for educational purpose. This site may be used by the students, faculties, independent learners and the learned advocates of all over the world. Researchers all over the world have the access to upload their writes up in this site. In consideration of the people’s participation in the Web Page, the individual, group, organization, business, spectator, or other, does hereby release and forever discharge the Lawyers & Jurists, and its officers, board, and employees, jointly and severally from any and all actions, causes of actions, claims and demands for, upon or by reason of any damage, loss or injury, which hereafter may be sustained by participating their work in the Web Page. This release extends and applies to, and also covers and includes, all unknown, unforeseen, unanticipated and unsuspected injuries, damages, loss and liability and the consequences thereof, as well as those now disclosed and known to exist. The provisions of any state’s law providing substance that releases shall not extend to claims, demands, injuries, or damages which are known or unsuspected to exist at this time, to the person executing such release, are hereby expressly waived. However the Lawyers & Jurists makes no warranty expressed or implied or assumes any legal liability or responsibility for the accuracy, completeness or usefulness of any information, apparatus, product or process disclosed or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product process or service by trade name, trade mark, manufacturer or otherwise, does not necessarily constitute or imply its endorsement, recommendation or favouring by the Lawyers & Jurists. The views and opinions of the authors expressed in the Web site do not necessarily state or reflect those of the Lawyers & Jurists. Above all, if there is any complaint drop by any independent user to the admin for any contents of this site, the Lawyers & Jurists would remove this immediately from its site. -- If you require any further information, please do not hesitate to contact us.

Back to Top

WordPress Themes