Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Indian Laws - Highlights / Catch Notes

Home Highlights March 2020 Year 2020 This

Dishonor of Cheque - Account closed - When the cheque is ...

Indian Laws

March 11, 2020

Dishonor of Cheque - Account closed - When the cheque is returned by a bank with an endorsement account closed, it would amount to returning the cheque unpaid because the amount of money standing to the credit of that account is insufficient to honour the cheque as envisaged in Section 138 of the Act. - HC

View Source

 


 

You may also like:

  1. Dishonor of Cheque - Sales tax returns as Proof of transaction between the complainant - summoning the Assistant Commissioner of Commercial Tax to explain the process of...

  2. Dishonor of Cheque - The accused account is at Vijaya Bank and the accused Bank has given endorsement of memo directly to the Manager of the complainant's Bank i.e.,...

  3. Dishonor of cheque - cheques returned uncashed - insufficiency of funds - the reduction of sentence without assigning any reason is not sustainable and deserved to be reconsidered.

  4. Dishonor of Cheque - Offence u/s 138 of NI Act - Evidence - return memo of the banker with endorsement - In view of insertion of Section 146 in the N.I. Act, Section 67...

  5. Bad debts - assessee was entitled to, as dividend from another company, which was returned as income on receipt of a cheque, which subsequently got dishonoured - ITAT...

  6. Dishonor of Cheque - cheques have been endorsed in favour of the plaintiff - The effect of an endorsement of a Negotiable Instrument with the endorsements as illustrated...

  7. Dishonour of Cheque - the cheque has been dishonoured due to closure of the bank account, since the very cheque in question is materially altered and had been returned...

  8. Dishonor of Cheque - service of demand notice - Period of limitation - the petitioner relies on the dates of return memos, i.e., dates of return of cheques in question,...

  9. Order of acquittal - cheque returned with an endorsement of account closed - it is not crystal clear that respondent-accused has taken amount on credit and therefore, an...

  10. Dishonor of Cheque - duties and rights of Director on behalf of the company - It is not being disputed that said cheque was dishonoured due to 'account closed'. The...

 

Quick Updates:Latest Updates