Recovering money if a cheque bounces will now be a lot more tedious and costly. In a landmark judgment, the SC has changed the ground rule under Section 138 of Negotiable Instruments (NI) Act to prosecute a person who had presented the cheque that bounced due to insufficiency of funds. Earlier, a case under Section 138 could be initiated by the holder of the cheque at his place of business or residence........
Read - TOI
Read - TOI
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