Question – what happens when a complainant dies in the case of the negotiable Instrument Act? – The answer to the question is yes. As per the legal preposition, on the Death of the complainant in a summons case, the court can permit the legal representative to continue the complaint. That action of the court […]
Question: If the death of the Complainant is in the S.138 NI Act, can the legal heir of the deceased complainant continue to proceed in the cheque bounce case U/s.138 of the NI Act? The answer to the question is yes. If the complainant dies during the pendency of the trial of the cheque bounce […]
Question: Will demand notice be faulted if any other sum is indicated in addition to the said amount u/s.138 (b) of N.I. Act? The answer is no. According to the provision of The Negotiable Instrument Act,1881, Section 138 (B), the answer deals with the demand notice that the chequeholder gives. When we read Clause (b) […]
(1) What is a gift cheque? The gift cheque is another banking instrument used to gift money to loved ones, alternatively to hard cash. People use various types of cheques not only to make business or financial transactions easy and safe. In this global world, people may also like to use cheques for many other […]
There are many types of cheques available related to banking transactions, and the bearer cheque is also among them. Account holders can use this cheque facility to make their money transactions easy and safe. Here, we will discuss the bearer cheque. (1) What is a bearer cheque? The right side of the cheque specifically mentions […]
What is the Meaning of material alteration in a cheque? Material alteration means altering or changing some material parts of the instrument and trying to make it a valid creation with the purpose of the nature of that instrument. Due to the effects of Material Alteration, the said in strument becomes a void. However, a […]
The simple answer to this question is yes if Drawer’s Signature differs can attract to cheque bounce case but before we get the perfect answer, we have to know about which parameter and circumstances have become to know for believing that if drawer signature is a mismatch, then it attracts an amount to the dishonor […]
The answer to the above questions is yes. Suppose the drawer’s signature differs or mismatches with the specimen that is available on the bank record, and, for this reason, said cheque is not encashed but dishonored because the drawer’s signature differs. In that case, It shall be a punishable offense and Attract criminal proceedings as […]