“Bounced Promises: Legal Accountability Under Section 138 of the NI Act”
In India’s growing economy, cheques remain a cornerstone of business and personal transactions. However, the misuse of this financial instrument—intentionally or unintentionally—has led to a surge in cheque bounce cases, triggering serious legal consequences. The Negotiable Instruments Act, 1881, specifically Section 138, plays a crucial role in upholding trust and accountability in such cases. This […]
“Bounced Promises: Legal Remedies and Realities of Cheque Bounce Cases”
A cheque, though a simple piece of paper, holds immense financial trust. It represents a promise—a commitment to pay. But when that promise is broken and the cheque bounces, it can lead to not only financial loss but also legal complications. In India, cheque bounce cases have become increasingly common, affecting individuals, businesses, and financial […]