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Indian Laws - Highlights / Catch Notes

Home Highlights November 2020 Year 2020 This

Dishonor of Cheque - The object of statutory notice is to ...

Indian Laws

November 28, 2020

Dishonor of Cheque - The object of statutory notice is to protect an honest drawer of the cheque by providing him a chance to make the fund sufficient in his bank account and correct his mistake. The accused petitioner could have availed this opportunity by accepting the demand notice instead of repeatedly avoiding its service. He could have accepted the notice and projected his case that he already made the repayment of the loan, had this case of him been true. - HC

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