Category: Banking

Banking and related law

Is section138 of Negotiable Instrument Act a misfit in modern times? 0

Is section138 of Negotiable Instrument Act a misfit in modern times?

Negotiable Instrument is a written instrument (Document) signed by the maker of the instrument that contains an unconditional promise or order to pay an exact sum of money on demand or at an exact...

When Cause of action arises under section138 of the Negotiable Instrument Act, 1881 1

When Cause of action arises under section138 of the Negotiable Instrument Act, 1881

Cheque as a negotiable instrument is familiar with the economic transaction which may be for personal or business purposes as we don’t yet conceive cashless transaction method. So, a huge amount can be given...

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