In simple words, a cheque is an order to a bank to pay a particular sum of money from the account of the issuer of the cheque, written on a specifically printed form. The issuer of the cheque is ...
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Banking: If you do not correct this mistake even after the cheque bounces, then strict action can be taken, know the rules..
Check Bounce Tips: In our country, people of every class take the help of banks to deposit future capital and for financial ...
A recent Supreme Court ruling has plugged a longstanding loophole that often allowed defaulting partners of a firm to escape liability and evade prosecution on procedural grounds. In a judgment ...
Delhi has emerged as the ‘cheque-bounce capital’ of India, with over 5.55 lakh cases pending in trial courts under Section 138 of the Negotiable Instruments Act (NI Act). According to court statistics ...
The Supreme Court has ruled that individuals convicted in cheque bounce cases can avoid jail time by reaching a compromise with the complainant. The court emphasized that cheque dishonor is primarily ...
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