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Vicarious Liability under Current Legal Regime of Negotiable Instruments Act: An Analysis of Evolving Judicial Precedents
Introduction Section 138 of the Negotiable Instruments Act of 1881 (“NI Act”) makes it a crime to dishonour a cheque. The purpose of the provision, according to the Hon’ble Supreme Court, is to promote the efficacy of banking operations and to ensure credibility in conducting business via cheques. Because companies conduct a large number of … Continue reading Vicarious Liability under Current Legal Regime of Negotiable Instruments Act: An Analysis of Evolving Judicial Precedents
Read more »The Ambit of Section 138 of the NI Act: Dashrathbhai Trikambhai Patel Versus Hitesh Mahendrabhai Patel & Ors
Introduction In general sense if the payee is unable to deposit the payer’s cheque, the cheque is considered to be dishonoured. Mismatch of signature, insufficient funds, date on the cheque, damaged cheque, overwriting are some of the common reasons that lead to dishonour of cheque. The principal conception behind the incorporation of section 138 of … Continue reading The Ambit of Section 138 of the NI Act: Dashrathbhai Trikambhai Patel Versus Hitesh Mahendrabhai Patel & Ors
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