WebOct 1, 2024 · The Negotiable Instruments Act 1881 (hereinafter called NI Act) (Amendment and Miscellaneous Provisions) Act 2002 was passed for the rectification of loopholes in the earlier Act provisions of sections 138, 141, and 142 were amended and provisions of sections 143 to 147 were newly inserted, none of the requirements Toan Penal Code have … Web2. N. E. P. C. Micon Ltd. VS Magma Leasing Ltd. - 15 Jun 98 Communication to complainant as well the bank before presentation of cheque that account was closed and cheque is returned unpaid with remarks "account closed" will not exonerate accused of offence u/s 138 of Negotiable Instruments Act.. dated - Communication to complainant before …
Nature of Section 138 of Negotiable Instruments Act, 1881
WebMar 18, 2024 · Answering a reference, the Kerala High Court held that a demand notice under Section 138 of the Negotiable Instruments Act need not disclose the nature of transaction leading to the issuance of ... WebApr 3, 2024 · To govern the use of negotiable instruments in India, the Negotiable Instrument Act of 1881 was defined. On March 1, 1881, the Act of 1881, came into force and extends to the whole of India. clipsal double powerpoint
India: Section 138 Of Negotiable Instruments Act: Overview
WebSep 2, 2024 · Nevertheless, in the famous case of Mayuri Pulse Mills v. Union of India [12], Hon’ble Bombay High Court recognized that-. “Section 138 of the Negotiable Instruments Act, 1881, provides for an offense which is not based on mens rea. Normally, in criminal law, the existence of guilty intent is an essential ingredient of a crime. WebApr 15, 2024 · Read Order: JASPAL SINGH v s STATE OF PUNJAB & ANOTHER LE Correspondent . Chandigarh, April 15, 2024: The Punjab and Haryana High Court has … WebNov 1, 2024 · Under Section 138 of Negotiable Instrument Act, 1881, Proceedings come under the ambit of Section 14 Insolvency and Bankruptcy Code, 2016. The quasi-criminal nature of Section 138 can easily be understood by including punitive punishment of imprisonment up to two years and a fine that may amount to double the amount of … clipsal emergency lighting test switch