Dishonor of Cheque - the said bouncing of cheques on second ...

Indian Laws

July 22, 2021

Dishonor of Cheque - the said bouncing of cheques on second presentation cannot be a ground for prosecution under Section 138 of the Negotiable Instruments Act, 1881 as one of the conditions precedent for prosecution i.e the cheque itself should be valid on the date of its presentation, is not satisfied when the cheques are returned as not acceptable to the bank on account of being non-MICR cheques. - HC

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Dishonor of Cheque - the said bouncing of cheques on second ...

Indian Laws

July 22, 2021

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