RECENT TRENDS IN SECTION 138 OF THE NEGOTIABLE ...

liable for penalties in case of bouncing of the cheque due to insufficiency of funds with adequate ... Fact of dishonour be informed to the drawer by notice within 30 days. 5. ... to prove that the cheque was issued for discharge of legal liabilities.

RECENT TRENDS IN SECTION 138 OF THE NEGOTIABLE ... - Related Documents

RECENT TRENDS IN SECTION 138 OF THE NEGOTIABLE ...

liable for penalties in case of bouncing of the cheque due to insufficiency of funds with adequate ... Fact of dishonour be informed to the drawer by notice within 30 days. 5. ... to prove that the cheque was issued for discharge of legal liabilities.

Effect of Recent Amendments in Negotiable Instruments Act on the ...

period for criticism by the Local Governments, the High Courts and the chambers ... Prior to insertion of section 138 of the Negotiable Instruments Act, a ... amount of money to the payee or as the case may be, to the holder in due course.

presumption under section 139 of the negotiable instruments act ...

Section 139 of the N.I. Act is an example of a “Reverse Onus Clause”: ... While Section 138 of the N.I. Act specifies a strong criminal remedy in relation to ... back to the accused then it is incumbent upon the accused to serve a legal notice to the.

the law relating to the offence under section 138, negotiable ...

cheque is, by itself, not an offence under section 138 of the N.I. Act. To ... drawer to pay the money within the period of 15 days as envisaged under clause (a) of the ... section 138, N.I. Act filed by a partner of an unregistered firm is also maintainable. ... In the case of Basalingappa (supra), apart from loan of Rs.6,00,000/-.

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