Effects and Legal Recourse for Non-Compliance with Settlement in Cheque Bounce Cases
With the surge in electronic monetary transactions and the increase in issuance of cheques during business dealings, there has been a corresponding increase in criminal complaints filed under Section 138 of the Negotiable Instruments Act, 1881 (hereinafter referred to as the NI Act), commonly known as cheque dishonour or cheque bounce cases. In examining the statutory framework governing the settlement...