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What is Section 138: Cheque Bounce Overview about?

This document summarizes key legal requirements and considerations related to Section 138 of the Negotiable Instruments Act in India. 1. There are five essential ingredients that must be present to complete an offense under Section 138: drawing of the cheque, presentation to the bank, returning unpaid by the bank, giving notice demanding payment, and failure to pay within 15 days of notice. 2. A complaint under Section 138 must be made within one month of the cause of action, which arises after notice i

Author

pkrisn75

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EN