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The Himachal Pradesh High Court has recently ruled that the statutory provisions in the form of Section 138 Negotiable Instrument Act indicate in unmistakable terms as to what should be clearly...
Dishonour of a cheque is a criminal offence under section 138 of the Negotiable Instruments Act-1881 which is punishable by both-imprisonment and fine.
*83,316 cases resolved, Rs 128.70 cr settled Excelsior Correspondent SRINAGAR, Nov 12: J&K and Ladakh Legal Services Authorities organized National Lok Adalat throughout the UTs of J&K and Ladakh, today under the leadership of Justice Ali Mohammad Magrey, Chief Justice and Patron-in-Chief, J&K and Ladakh Legal Services Authorities and under the guidance of Justice Sanjeev Kumar, Executive Chairman, Ladakh Legal Services Authority and Justice Sindhu Sharma, Chairperson, High Court Legal Services Committee. In order to have maximum response and settlements […]
Some of the steps suggested before taking legal recourse included debiting another accounts of the cheque issuer if his or her account is short of funds to honour the instrument, sources said.
These measures would help promote ease of doing business and dissuade people from wilfully indulging in issuance of cheques even though their accounts have insufficient funds.