Asked in Banking
Dear Sir, If you abscond, nothing will happen except an NBW will be pending for your arrest and in your absence judgment will be pronounced and recovery warrant will also be issued and your properties will be attached. For details amended provision and examples please visit the following link https://www.legallyindia.com/Blogs/effect-of-the-negotiable-instruments-amendment-ordinance*Phone*of-2015
S.. meanwhile the jurisdiction of the cheque presented bank became the sole and absolute jurisdiction.. but now the legal position is changed.. however the jurisdiction of the complainant is favoured.. Hence the Mumbai jurisdiction, as already transfered, Stan's as absolute jurisdiction..
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