Dishonour of Cheque

BLOG- Legal Remedies For Dishonour of Cheque

 What is a cheque? Cheque according to section 6 of negotiable instrument act 1881, a cheque is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand and it includes the electronic image of a truncated cheque and a cheque on an electronic form. A cheque […]

Continue Reading
CGHS Cover

Offence under Section 138 of NI Act is person specific, scheme of prosecution different from CrPC, Supreme Court

The Supreme Court has held that when a cheque, which is drawn by a company, is dishonoured, the company will have to be made a party to the proceedings under Section 138 of Negotiable Instruments Act (NI Act) and failure to do so will vitiate the prosecution. Importantly, a Bench of Justices Jasti Chelameswar and S Abdul Nazeer also […]

Continue Reading