Negotiable instruments Act
The Negotiable Instruments Act, 1881 is a significant law that governs the use of negotiable instruments in India. It provides for the regulation of promissory notes, bills of exchange, and cheques. The Act was enacted to provide a uniform legal framework for the use of negotiable instruments in India.
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Joint Liability Under Section 138 of Negotiable Instruments Act
A person who is the signatory to the cheque and the cheque is drawn by that person on an account maintained by him and the cheque has been issued for the discharge, in…
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Civil Proceedings vis-à-vis Criminal Proceedings
A perusal of the Judgment in S.A.L. Narayan Row v. Ishwarlal Bhagwandas, (1966) 1 SCR 190, would show that a civil proceeding is not necessarily a proceeding which begins with the filing of…
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Dishonour of Cheque – When Company is the Payee
When a company is the payee of the cheque based on which a complaint is filed under Section 138 of the NI Act, the complainant necessarily should be the company which would be…