CHEQUE BOUNCE NEW - Supreme Court Judgement | SECTION 138 NEGOTIABLE INSTRUMENT ACT

CHEQUE BOUNCE NEW - Supreme Court Judgement | SECTION 138 NEGOTIABLE INSTRUMENT ACT

What is the new rule of Section 138?
Is 138 a civil or criminal case?

Section 138 of Act deals with dishonour of cheques. It has no concern with dishonour of other negotiable instruments.

In this video legal expert Adv Papia (Decode The Law) will discuss about that latest judgement of Hon'ble Supreme Court related to under Section 138 in The Negotiable Instruments Act, 1881 or Cheque Bounce Case
In this judgement Supreme Court observed that once the settlement has been arrived at and the complainant has signed the deed accepting an amount in full and final settlement, the proceedings under this provision must be quashed. Cheque Bounce: Supreme Court clarifies position SECTION 138 NEGOTIABLE INSTRUMENT ACT

🖇️Judgement link-
https://main.sci.gov.in/supremecourt/...

Chapters-
0:45- Inward
3:25- Supreme court decision
4:50- analysis & Condition
6:29- Recommendations

🟨 Act and Section in this video: SECTION 138 NEGOTIABLE INSTRUMENT ACT or
Section 138 NI Act. NI Act Cheque Bounce.

CHEQUE BOUNCE New Case - Supreme Court Judgement | SECTION 138 NEGOTIABLE INSTRUMENT ACT

What is the new rule of Section 138?
Is 138 a criminal case?
Is Section 138 a bailable offence?
How do you deal with Section 138?

Section 138 in The Negotiable Instruments Act, 1881
i) An offence under Section 138 of the Negotiable Instruments Act, 1881 is committed no sooner a cheque drawn by accused on an account being maintained by him in a bank for discharge of debt/liability is returned unpaid for insufficiency of funds or for the reason that the amount exceeds the arrangement made with the ...

Decriminalisation of the offence would do away with such exigencies, leaving the payee of a dishonoured cheque with recourse solely in civil courts. It must also be noted here that, civil courts have one advantage over criminal courts when it comes to affording relief to the payee claiming of interest.

#chequebounce #supremecourt #decodethelaw #latestupdate #legalawareness #new #news

Your queries-
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Section 138 in The Negotiable Instruments Act, 1881
THE NEGOTIABLE INSTRUMENTS ACT, 1881
Important decisions On Negotiable Instruments Act
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