Promissory notes & Cheques

 Head Notes

  1. Notice is not compulsory for filing promissory note suit – if any defects are there in the notice – carries no value when the plaintiff proves his case .
  2. A member of the cooperative society cannot claim for filing  of a regular civil suit by the plaintiff Bank.
  3. Mere using the word as Security  in the promissory notes- not means  that no prosecution be launched -since the cheque were issued on a condition to pay the amount within one month, else it can be presented – a conditional one , in event of dishonour, prosecution was launched – nothing wrong in it.