Question Scenario
Ram purchased a second-hand car from his friend Rohan for 5 lakhs on 10th November, 2022. He paid 4 lakh immediately and promised to pay 1 lakh within a year. But, he could not pay the remaining amount till December-2023. On 5th January, 2024 Ram received an invitation for Rohan's wedding which he could not attend but sent a cheque of 51,000 as gift by post.\nWhen Rohan deposited the cheque, it was returned unpaid due to insufficient balance in the account of Ram. Rohan considered it as an offence under Section 138 of The Negotiable Instruments Act, 1881.\nAdvise\n(i) Whether Ram would be held liable for dishonour of cheque ?\n(ii) Whether Rohan was justified in considering this as an offence under Section 138 of the Negotiable Instruments Act, 1881.
Estimated Writing Time: 12 mins Try in Practice Mode