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Posted On : May 13, 2024
The Negotiable Instruments Act, 1881 (NI Act): Cheque bounce
Cheques were the most common mode of financial transactions until digital modes overtook them. However, courts are still over...
Posted On : November 17, 2023
A Step-by-Step Guide on Taking Legal Action for Cheque Bounce
Introduction Cheque bounce is a common issue in India, which can have serious financial implications for both the payer and the recipient. When a cheque is dishonored or bounces due to insufficient funds, it is essential to understand the legal remedies available to protect your interests. This article provides a comprehensive guide on how to take legal action on cheque bounce in India. Steps by S...
Posted On : July 12, 2023
Section 138 Demystified : Key Facts Every Business Owner Should Know
Introduction As a business owner, it's crucial to have a comprehensive understanding of the legal framework that governs your operations. One important aspect of business law that you should be familiar with is Section 138 of the Negotiable Instruments Act, 1881. This section deals with the dishonor of cheque for insufficiency of funds in the account. In this article, we will demystify Section 138...
Posted On : July 12, 2023
Stay Ahead of Payment Defaults: Utilizing Section 138 to Ensure Timely Payments
Introduction In today's fast-paced business world, maintaining a steady cash flow is crucial for the success and growth of an...
Posted On : March 3, 2023
Procedure to track Court Cases online - CNR number – QR code
The digital drive has accelerated growth in many sectors in India and across the globe and has produced groundbreaking results in different domains. Digital transformations in forms of digital literacy, digital infrastructure creation, communication and networks through digital banking, and digital delivery of services have seemingly worked as bridging a gap and reducing disparities between author...
Posted On : December 27, 2022
Cheque Bounce Case Rules - Trace the Technicality
The cases of cheque bounce are increasing exponentially in India. Special courts are set up for dealing with bounced cheque cases so that similar matters are decided expeditiously. Knowledge of cheque bounce case rules helps safeguard own interests and escape uninvited trouble while dealing with legal proceedings. If you recently signed a cheque and received information regarding dishonour, it com...
Posted On : November 23, 2022
Cheque Bounce Penalty in India
People often do not have any idea as to what happens if cheque bounces in India? Such doubts often lead to unwelcomed threats...
Posted On : September 21, 2022
Cheque Bounce Police Complaint? - All Doubts Solved Here
I will not pay a single penny, do whatever you want to do………I will sue you……I will see you in court……I will make sure to get you behind bars: harsh words, but very common in the case of money-related disputes. Giving and taking payments through cheques is too common in Indian businesses. But since it is not a direct currency but another negotiable i...
Posted On : June 21, 2022
Cheque Dishonoured - All FAQs Answered Here
Do you deal in cheques in day-to-day transactions? Have you ever got your cheque dishonoured? Find out 20 reasons why bank dishonour cheque and how you can evade legal trouble. One should know that not all reasons for dishonoured cheque bring in the right to sue another person under the Negotiable Instruments Act, 1881. Also, cheque dishonoured entry in cash book is a prerequisite for business org...
Posted On : May 30, 2022
What Happens If Cheque Bounces In India?
Suppose you have been in business for years…finances are sometimes entered in cash, sometimes through banks and the other t...
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