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What is Banking Law Final Draft about?

This document discusses the law around dishonored cheques in India. It covers: 1. The requirements for a case of dishonored cheque under Section 138 of the Negotiable Instruments Act, including that the cheque must be in discharge of a legally enforceable debt and notice must be given to the drawer within 15 days. 2. The penalties and liabilities for dishonored cheques, including that the drawer is liable to compensate the payee, the banker is liable to the drawer if funds were available, and a banker ha

Author

Akash Jain

Language

EN