CHEQUE BOUNCE/DISHONOR [Section 138 of the NI Act,1881] When the intention Of drawer to not make payment is clear, drawee need not wait for 15 days to file a complaint: Allahabad High Court

The bench of Justice Dr. Kaushal Jayendra Thaker observed that proviso (c), which prescribes the fifteen days period, is to see the bona fide of the drawer of the cheque and is with a view to grant him a chance to make the payment. It said “The only object of proviso (c) to Section 138 …

CHEQUE BOUNCE/DISHONOR [Section 138 of the NI Act,1881] When the intention Of drawer to not make payment is clear, drawee need not wait for 15 days to file a complaint: Allahabad High Court Read More »

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