What Is Dishonor Of Cheque By law

As per apnaqanoon, In case a cheque is dishonored by the bank due to insufficient balance in account, the drawer of the cheque shall be deemed to have committed an offence and under the provision of Section 138 of The Negotiable Instruments Act, 1881, will be punished with imprisonment for a term which may extend to 3 years, or with …

Leave a Reply

Your email address will not be published. Required fields are marked *