Digest on Acquittal in Dishonour of Cheques
The Negotiable Instrument Act, 1881 (26 of 1881), is imperial legislation passed during the British Raj, which is still in force in India. This Act deals with instruments such as, bills of exchange, promissory note, and more importantly cheques. The Sections 138 to 142 were inserted to the Negotiable Instruments Act to promote efficiency of banking operations and to ensure credibility in business transaction through cheques. The dishonor of cheque was made an offence in the year 1988, with the insertion of Chapter XVII in the Negotiable Instruments Act. The person issuing the dishonoured cheque can be punished with imprisonment [a term which may extend to two years] or with fine, which may extend to twice the amount of the cheque, or with both. The incidents of dishonour of cheques are much larger than, perhaps and equally there is misuse of provisions of Section 138 of the Negotiable Instruments Act.
The present book DIGEST ON ACQUITTAL IN DISHONOUR OF CHEQUES covers digest of cases of Supreme Court of India and all High Courts on acquittal under Section 138 of the Negotiable Instruments Act and other related provisions. The amended Negotiable Instruments Act is also published in the present book for ready reference.
This book is not just for Practicing Lawyers or the Courts but also useful for students and others involved in Banking Practice or Negotiable Instruments Cases. An exhaustive index has been provided to enable reader to pin any point to any particular topic he may be interested to know in the course of busy time. All citations on the subject have been systematically arranged under analytical and precise outlines and every effort has been taken to give a lucid exposition of the law. It is hoped that the present work will be liked by all concerned in Banking Practice, Legal Practitioners and the Courts.