Recent Pronouncements Related To Dishonour Of Cheques Under Section 138 Of The Negotiable Instruments Act, 1881

The wide use of cheques as a mercantile instrument requires clarity in the law relating to dishonour of cheques. The nodal statute on the law related to negotiable instruments is the Negotiable Instruments Act, 1881 ("the Act"). The Supreme Court had famously observed that the law relating to negotiable instruments is the law of the commercial...