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The Negotiable Instruments Act, 1881 governs negotiable instruments in India, defining key terms such as promissory notes, bills of exchange, and cheques. It outlines the liabilities of parties involved, the process for dishonor of cheques, and the penalties for non-compliance, including criminal liability under Section 138. Recent amendments have introduced provisions for interim compensation and streamlined trial processes for offenses related to dishonored cheques.

Author

mahender

Language

EN