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. …Read More »
If Death of complainant, can legal heir of deceased continue to proceed in the cheque bounce case U/s.138 of NI Act?
Question: If the death of Complainant in the S.138 NI Act, can legal heir of deceased complainant continue to proceed in the cheque bounce case U/s.138 of NI Act? The answer to the question is yes. If the complainant dies during the pendency of the trial of the cheque bounce …Read More »
Whether demand notice can be faulted if any other sum indicated in addition to the said amount u/s.138 (b) of NI Act?
Question: Whether demand notice can be faulted if any other sum indicated in addition to the said amount u/s.138 (b) of NI Act? The answer to the question is no. Here, we find that answer according to the provision of The Negotiable Instrument Act,1881, Section 138 (B) deals with the …Read More »
(1) What is a gift cheque? The gift cheque is another banking instrument presented for gifting money to the loved ones alternatively of hard cash. people are used various types of cheques not only for making business or financial transactions easy and safe but in this global world, people may …Read More »
There are many types of cheque available related to the banking transaction and the bearer cheque is also among them. The 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 bearer cheque? When on …Read More »
Meaning of material alteration in cheque? Material alteration means to make alter or change some material parts of the instrument and try to make it a valid created with the purpose of the nature of that instrument. Due to the effects of Material Alteration, the said instrument become a void. …Read More »
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 …Read More »
The answer to the above questions is yes. If drawer’s signature differs or mismatch with the specimen which is available on the bank record and due to this reason said cheque, not encash but dishonored for the reason that the Drawer’s Signature differs, It shall be a punishable offense and …Read More »