Section 138 of the Negotiable Instruments Act, 1881: A Comprehensive Legal Analysis
Introduction The increasing reliance on cheques as a mode of financial transaction in business and personal dealings necessitated a robust legal framework to ensure accountability and prevent fraud. Section 138 of the Negotiable Instruments Act, 1881 (“NI Act”), introduced through the 1988 amendment, was an important step in addressing the widespread issue of cheque dishonour […]
