Cheque Dishonour Laws in India: Rights of Payee & Drawer Explained
Cheque dishonour, commonly known as cheque bounce, is a serious financial and legal issue in India. Governed primarily by the Negotiable Instruments Act, 1881, cheque dishonour cases have increased due to the widespread use of banking instruments in business and personal transactions. Understanding the rights of both the payee (the person receiving the cheque) and […]
Cheque Bounce
Cheque Bounce Explained: Rights, Remedies & Legal Action Cheque bounce, legally termed as “dishonour of cheque,” is one of the most common financial disputes in India. Governed under Section 138 of the Negotiable Instruments Act, 1881, it is treated as a criminal offence when a cheque issued for lawful consideration is returned unpaid by the […]
