Tuesday, November 15, 2016

Home Corporate and Allied laws Even bouncing of post dated cheque issued as loan security would fall under Negotiable Instrument Act : SC

Even bouncing of post dated cheque issued as loan security would fall under Negotiable Instrument Act : SC

The Supreme Court of India held that Dishonour of post-dated cheques given for repayment of loan instalment would be covered by section 138.

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