As per apnaqanoon,Negotiable Instruments Act,say legal notice must be sent within 30 days from the date of cheque bounce. Thereafter within 15+30=45 days from the date of sending the legal notice, case must be filed.
As per apnaqanoon,The requirement of giving of notice is mandatory. If no notice making a demand for payment is served upon the drawer within 30 days from the date of dishonour of cheque, a complaint is not maintainable unless the complainant satisfies the Court that he had sufficient cause for not making a complaint within…
As per apnaqanoon,assuance of cheque dishonestly is an offence under the statute both civil and criminal remedies could be availed simultaneously in such matters. Punishment on bouncing of cheque is imprisonment which may extend to 3 years and with fine.
As per apnaqanoon, there are several cheque bounce reasons to be considered such as incorrect date mentioned on the cheque, signature mismatch, mismatch of the amount and figures, damaged cheque, overwriting of the cheque, etc. The principal reason for a cheque bounce is insufficient funds.
As per apnaqanoon“ Ingredients Of 489 F A perusal of section 489-F P.P.C. … (i) Issuance of cheque. (ii) Such issuance was with dishonest intention; (iii) the purpose of issuance of cheque should be. (a) to repay a loan;
ISLAMABAD: The Supreme Court has ruled that the rationale and intention behind section 489-F of the Pakistan Penal Code (PPC) was not recovery of an alleged amount, saying the section’s objective was to determine the offence. Justice Sayyed Mazahar Ali Akbar Naqvi issued the ruling while granting bail to the accused involved in the offence…
Social Security benefits got their biggest cost-of-living adjustment in decades this year, but retired workers will probably get a much smaller raise in 2024. The fiercest inflation in four decades tore through the U.S. economy in 2022, and the rising cost of gas, groceries, and monthly utilities put many Americans in a difficult financial position….
Communications services companies fell sharply as a rally in the sector stalled. AT&T shares sank as a research analyst downgraded the stock following a Wall Street Journal investigation that revealed that U.S. phone companies have left behind a network of cables covered in toxic lead. Shares of Scandinavian telecom-equipment giants Nokia and Ericsson tumbled after…
– Central California Fire Departments are sending crews to help with the Rabbit Fire in Riverside County. Both the Clovis and Merced Fire Departments sent crews south to help with the fire that is burning more than 76 hundred acres and remains only 10% contained. The Riverside County Fire Department has issued an evacuation order…
Brittney Griner made an emphatic and emotional return to the WNBA’s midseason showcase event. She scored 18 points, including her team’s first six, and put down two dunks in the league’s All-Star Game on Saturday night. The sellout crowd roared when Griner was introduced and, clearly moved by the ovation, she tapped her chest over…