Intent behind introducing Section 138 NI Act was to prohibit dishonest drawer from misusing negotiable instruments and protect the interest of the debtor. Read More
Section 143A must be applied in prospective nature and held that if the accused prove innocent then the drawer has to return back the interim compensation. Read More
In the event of a Cheque bounce, action may be taken against the person whose cheque is being dishonoured under Section 138 Read More
How to Calculate Limitation Period. The Negotiable Instruments Act, 1881 The Negotiable Instruments Act, 1881 Read More