Section 138 of Negotiable Instrument Act, 1881
Lead author · Corresponding
Gaargi Tomar
Student at University of Petroleum and Energy Studies, India
Abstract
Section 138 of the Negotiable Instrument Act, 1881 deals with the Dishonor of cheques in India. There are a large number of cases filed under this section, and these cases are clogging the court. These chapter outlines the Object, liability, scope, procedure of Sec 138 of Negotiable Instrument Act, 1881. This chapter also outlines the Limitation Period, where India continued to be in lockdown due to Covid 19 SC held that Limitation period not to be applicable during lockdown in view of the difficulties faced by lawyers and litigations during the lockdown the SC extended the period of limitation prescribed under laws for initial arbitral proceedings and the cheque bounce with effect from March 15.
This is an Open Access article distributed under the terms of the Creative Commons Attribution–NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.