Bhaskar Industries Ltd. Vs. Bhiwani Denim & Apparels Ltd. & Ors…. Honourable Supreme Court had laid down the following guidelines, which are to be borne in mind while dealing with…
Of Penalties In Case Of Dishonour Of Certain Cheques For Insufficiency Of Funds In The Accounts Section – 139 – Presumption in favour of holder – It shall be presumed,…
Chapter XVII of the Negotiable Instruments (N.I.) Act, 1881 Of Penalities In Case Of Dishonour Of Certain Cheques For Insufficiency Of Funds In The Accounts Section – 138 – Dishonour…
Of Negotiation Section 47 – Negotiation by delivery – Subject to the provisions of section 58, a promissory note, bill of exchange or cheque payable to bearer is negotiated by…
Chapter III Parties to Notes, Bills And Cheques Section – 26 – Capacity to make, etc., promissory notes, etc. – Every person capable of contracting, according to the law to…
Chapter II Of Notes, Bills and Cheques Section – 6 – “Cheque”- A “Cheque” is a bill of exchange drawn on a specified banker and not expressed to be payable…
Chapter II Of Notes, Bills and Cheques Section – 7 – “Drawer”. “Drawee”.- The maker of a bill of exchange or cheque is called the “drawer”; the person thereby directed…
Chapter II Of Notes, Bills and Cheques Section – 5 “Bill of exchange” – A “bill of exchange” is an instrument in writing containing an unconditional order, signed by the…
Chapter II Of Notes, Bills and Cheques Section – 4 – “Promissory note” A “Promissory note” is an instrument in writing (not being a bank-note or a currency-note) containing an…