Wwwharjindersinghin submitted that the appellant has rightly been found guilty of commission of an offence under section 138 of the act as bouncing of. Section 138 in the negotiable instruments act, 1881 18 [ 138 dishonour of cheque for insufficiency, etc, of funds in the account. In the high court of delhi at new delhi subject: section 138 negotiable instrument act, 1881 138 ni act had been filed at new delhi 4. S u m m a r y on recent trends in section 138 of the negotiable instruments act 1] negotiable instruments have been used in commercial.
This paper attempts to delineate various aspects of section 138 of the negotiable instruments act section 138 is the principal section dealing with dishonor of cheques. To attract the provisions of section 138 ni act, the cheque should be presented with the bank on which it i drawn- if the cheque is not presented to the bank on.
Court : supreme court of india judge : v gopala gowda and c nagappan decided on : nov-13-2014 appellant : k subramani respondent : k damodara naidu judgment : reportable in the supreme. Cabinet approves ordinance to amend negotiable instruments act section 138 of the ni act deals with the offences related to dishonour of cheque for insufficiency. Cheque bounce complaint jurisdiction of payee u/s 138 of niact,1881 with amendment trying cases of dishonour of cheques,under section 138 of the ni act.
Negotiable instruments act, 1881 is an act in india dating from the british colonial rule, that is still in force largely unchanged. The negotiable instruments act, 1881 act no 26 of 1881 [9th december, 1881] an act to define and amend the law relating to promissory notes, bills.
Security cheques are the cheques only like any other cheques and they create same liability to discharge as if they are the ordinary cheques and attract the provisions of ni 138 when they. Supreme court analysed on ingredients of on section138 of niact contact us: +91 79 40033359 [email protected] from a bare reading of section 138 of the ni act.
Notice format under section 138 in accordance with the provisions of section 138 of negotiable instrument act failing which we will initiate criminal.