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    Indian Laws

    Dishonour of Cheque - the cheque has been dishonoured due to...

    High Court Quashes Complaint: Cheque Void for Material Alteration, Account Closure u/s 87 of Negotiable Instruments Act.

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    Indian LawsAugust 14, 2023Case LawsHC

    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 back first time on the grounds of material alteration, the provisions of Section 87 of the Negotiable Instruments Act and the RBI guidelines would apply rendering the cheque void, moreso, when the complaint does not explain as to how the materially altered cheque came into the possession of the complainant. - the complaint is quashed. - HC

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