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Feb 6, 2023 · Section 138 provides for prosecution in instances of dishonouring a “cheque”. The term “cheque” has been defined in Section 6 of the Act as a bill of exchange wherein the drawer is the person who is making the cheque, the drawee is the bank of the drawer, and the payee or holder in due course is the person to whom the amount of the cheque is to be paid by the bank.
Section 138 of the Act which could not be decided within a reasonable period and remained pending for a number of years. 4. This gargantuan pendency of complaints filed under Section 138 of the Act has had an adverse effect in disposal of other criminal cases. There was an imminent need for remedying the situation which was addressed by the
The Negotiable Instruments Act, 1881. Long Title: An Act to define and amend the law relating to Promissory Notes, Bills of Exchange and Cheques. Ministry: Ministry of Finance. Department: Department of Financial Services. Enforcement Date: 01-03-1882.
Dec 27, 2023 · 27 Dec 2023 10:39 AM GMT. Share this. Supreme Court Judgments- Section 138 Negotiable Instruments Act, 1881Sec 138 NI Act - Accused Relies On Income Tax Returns To Show Complainant Did Not Have ...
Producer (s) Dave Achelis. Tom Bejgrowicz. " We Are 138 " is a song by the American punk rock band Misfits. Written by vocalist Glenn Danzig, the song was recorded in 1978 and released that same year on the band's single "Bullet", sharing the A-side with the title track. It was also included as the opening track on the Misfits' 1980 EP Beware ...
Jun 21, 2021 · Section 138 of Negotiable Instruments Act. Section 13 of the Negotiable Instruments Act defines negotiable instruments as “a promissory note, bills of exchange or cheque payable either to order or to bearer”. A negotiable instrument is a kind of document that guarantees its bearer a sum of money to be payable on demand or at any future date.
Nov 13, 2023 · 13 Nov 2023 6:10 AM GMT. Share this. Justice Amit Bansal of the Delhi High Court recently upheld summoning orders passed in a complaint case u/s 138 Negotiable Instruments Act, observing that ...
