Section 138 in The Negotiable Instruments Act, 1881
For the purposes of this section, “debt or other liability” means a legally enforceable debt or other liability.]
Section 138 of NI Act, 1881: All you need to know about ...
2023年3月11日 · A cheque bounce notice lays the foundation of a Court case under Section 138 of the Negotiable Instruments Act, 1881. Explore the rules, format, and frequently asked questions around the legal notice for cheque bounce.
Nature of Section 138 of Negotiable Instruments Act, 1881
2021年6月21日 · Section 138 of the Act deals with the punishment for the dishonour of the cheque. The cheque is a negotiable instrument drawn on a specified banker and not expressed to be payable otherwise on demand.
Section 138 of Negotiable Instruments Act, 1881 - iPleaders
2024年8月19日 · Section 138 of the Negotiable Instruments Act of 1881 confers the benefit solely for the protection of the payee or holder in due course of a dishonoured cheque. This section plays a crucial role in ensuring the trustworthiness and reliability of transactions done through cheques in commercial and financial dealings.
Dishonour of Cheque [S. 138 NI Act and allied sections]
2019年5月7日 · The object of Sections 138-142 of the Negotiable Instruments Act, 1881 is to promote the efficacy of banking operations and to ensure credibility in transacting business through cheques.
COMPLAINT UNDER SECTION 138 OF NEGOTIABLE INSTRUMENTS ACT…
2023年9月14日 · Section 138 provides a legal remedy to the aggrieved party, allowing them to seek redress and recover the due amount along with compensation. Additionally, Section 138 serves as a deterrent against issuing cheques without sufficient funds …
To protect the interest of the payee and to provide him justice Section 138 to 142 where inserted in Negotiable Instrument Act. This research paper focuses on the development, the objective, nature and the current IT development regarding decriminalization of sections relating to dishonoring of cheque in the Negotiable Instrument Act.
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