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Understanding Cheque Dishonour in India by Anurag Patel is a document available to read on EtoBox.

What is Understanding Cheque Dishonour in India about?

This document summarizes the law relating to dishonored checks in India. It discusses Section 138 of the Negotiable Instruments Act, which made dishonoring checks an offense in order to discourage the problem and protect genuine check writers. The key elements of a Section 138 offense are: 1) the check was issued to discharge a legally enforceable debt or liability, 2) the check was presented within 3 months or the validity period, 3) the payee issued a notice within 30 days, and 4) the drawer failed to pay

Author
Anurag Patel
Language
EN