Understanding Section 138 NI Act In India, the Negotiable Instruments Act, 1881 is one of the most prominent and essential legal provisions when it comes to cheque dishonour cases. So, section 138 of NI Act plays a very crucial role here as it criminalizes the act of cheque which gets returned due to the reason …
Landmark Case Laws under Section 138 of the Negotiable Instruments Act, 1881 Read More »
In India, the provisions regarding bounced cheques are covered under the Negotiable Instruments Act, 1881. Section 138 of the Act deals specifically with the dishonour of cheques due to insufficiency of funds or other reasons. According to Section 138, if a cheque is dishonoured, the holder of the cheque (the person who received it) can …
Section 138 of the Negotiable Instruments Act, 1881 is a legal provision that is given in the Indian that covers the dishonour of cheques. The section provides for a criminal remedy in case of dishonour of cheques due to insufficient funds in the account of the drawer. Under Section 138 of the Negotiable Instruments Act, …
In India, check bounce cases are governed by Section 138 of the Negotiable Instruments Act, 1881. This law prohibits dishonouring checks for nonpayment or other specified reasons. Top Landmark Judgments under Section 138 NI Act 1. Dashrath Rupsingh Rathod v. State of Maharashtra (2014) Citation: (2014) 9 SCC 129 Key Holding: Jurisdiction lies where the …
Crucial Case Laws Regarding Cheque Bounce: Negotiable Instruments Act Section 138 Read More »
There are several laws in India that deal with money recovery. These laws provide a legal framework for creditors to recover debts from debtors. Here are the different laws that govern money recovery in India: Negotiable Instruments Act, 1881 This law deals with the recovery of money through negotiable instruments such as cheques, promissory notes, …
The Supreme Court recently in the Case of [Dilip Hariramani v Bank of Baroda] held, that criminal liability for a cheque bounce case under Section 138 of the Negotiable Instrument Act can’t be decided over a person just because he is a partner in a firm that took a loan or because he was guarantor …
Partner cannot be liable for the Firm taking the Loan Read More »
