What Happen If Dishonor Of Cheque Due To Incomplete Signature? | Legal Knowledge | By Expert Vakil

Описание: What Happen If Dishonor Of Cheque Due To Incomplete Signature? Negotiable Instruments Act, 1881 | Section 138 | Legal Knowledge | By Expert Vakil
Parvaiz Ahmad Bhat & Anr vs Fida Mohamamd Ayoub on 28 December, 2021
The NI Act is primarily a civil law, but in order to assure that the drawer fulfils his responsibility, a touch of criminal law has been added, making it quasi-criminal law. Failure on the part of the drawer to pay the cheque amount may subject him to the Act's criminal provisions. To safeguard the honest drawer and provide him an opportunity to correct his omission, a clause pertaining to'notice' has been inserted. This demonstrates that the legislature's primary goal was not to make it a criminal legislation. When a drawer fails to discharge his duty within fifteen days of "reception of the notification," the complainant has a cause of action to file the complaint

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