Can a cheque given ...
 
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Can a cheque given for repayment of a loan taken in a chit fund lead to prosecution if it bounces?

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(@yajat singh)
Joined: 10 hours ago
[#9082]

My chequebook was stolen a decade ago, and I have just learned that one of the missing cheques has bounced in someone else's favor. Given this situation, I want to know: Can a cheque given for repayment of a loan taken in a chit fund lead to prosecution if it bounces?


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