Dishonour of Cheque: Section 138 Negotiable Instruments Act
INTRODUCTION Dishonor of cheque is defined under Section 138 of the Negotiable Instrument Act, 1881. It talks about the non-payment of the amount mentioned in the cheque to the payee by the drawee due to insufficiency etc. of funds in the account. CHEQUE A Cheque is a bill of exchange drawn on a specified banker […]
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