Cheque Bounce : Landmark Supreme Court Judgement | Section 138 punishment in Hindi

Описание: CHEQUE BOUNCE : Landmark Supreme Court Judgement | Section 138 punishment in Hindi

What is the Section 138
Is section 138 a bailable offence?
Can a 138 case be dismissed?

Section 138 of the Negotiable Instruments Act, 1881, deals with the offense of dishonor of a cheque due to insufficient funds or other reasons, making the drawer liable for punishment. It essentially provides a legal recourse for the payee of a bounced check.

Today, in this video adv. Papia (Decode The Law) will a landmark supreme court judgment related to Section 138 of the Negotiable Instruments Act deals with the offense cheque bounce. In this judgment supreme court observed the provision of Section 138 of Negotiable Instrument Act time limit. The Supreme Court observed a cheque bounce complaint filed before the expiry of 15 days from the date of receipt of notice by the drawer of the cheque is not maintainable. Cheque bounce : Landmark Supreme Court Judgement. Section 138 punishment in Hindi.

🔗Judgement link: https://indiankanoon.org/doc/51502144/

00:00- inward
00:51- facts of the case
01:44- Section 138 of Negotiable Instrument Act time limit
03:08- supreme court decision and insight analysis
07:10- outro

📒Acts and sections used in this video: Section 138 in The Negotiable Instruments Act, 1881 or Section 138 of the NI Act

138. Dishonour of cheque for insufficiency, etc., of funds in the account.—
Where any cheque drawn by a person on an account maintained by him with a banker for payment of any amount of money to another person from out of that account for the discharge, in whole or in part, of any debt or other liability, is returned by the bank unpaid, either because of the amount of money standing to the credit of that account is insufficient to honour the cheque or that it exceeds the amount arranged to be paid from that account by an agreement made with that bank, such person shall be deemed to have committed an offence and shall, without prejudice to any other provisions of this Act, be punished with imprisonment for a term which may be extended to two years, or with fine which may extend to twice the amount of the cheque, or with both:

“Cheque bounce”
A bounced check, also known as a returned or dishonored check, occurs when a bank refuses to pay out the amount of a check due to insufficient funds in the account, or for other reasons such as incorrect information or a stop payment order. This can result in fees for both the person who wrote the check and the person who received it.

CHEQUE BOUNCE : Landmark Supreme Court Judgement | Section 138 punishment in Hindi

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