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Negotiable Instruments Act, 1881 is an act in India dating from the British colonial rule, that is still in force with significant amendments recently. It deals with the law governing the usage of negotiable instruments in India. The word "negotiable" means transferable and an "instrument" is a document giving legal effect by the virtue of the law
Upload file; Search. Search. Appearance. ... The Cheques Act 1986 ... punishable by fines, jail term, or both under Section 138 of the Negotiable Instruments Act ...
In the Commonwealth of Nations almost all jurisdictions have codified the law relating to negotiable instruments in a Bills of Exchange Act, e.g. Bills of Exchange Act 1882 in the UK, Bills of Exchange Act 1890 in Canada, Bills of Exchange Act 1908 in New Zealand, Bills of Exchange Act 1909 in Australia, [2] the Negotiable Instruments Act, 1881 in India and the Bills of Exchange Act 1914 in ...
Cases under section 138 of the Negotiable Instruments Act. Issues relating to the recovery of money. Issues under the Indian Motor Vehicles Act, 1988. Issues relating to labour disputes. Issues relating to public utility bills such as electricity or water, excluding non-compoundable offenses. Issues relating to matrimony. 2.
Post-dated cheques in Indian law are considered under the Negotiable Instruments Act, 1881.Post-dated cheques are common and enforceable. [9] In 1998, the Supreme Court ruled that a post-dated cheque is a bill of exchange and does not become payable on demand until the date written on the cheque
In commercial law, a holder in due course (HDC) is someone who takes a negotiable instrument in a value-for-value exchange without reason to doubt that the instrument will be paid. If the instrument is later found not to be payable as written, a holder in due course can enforce payment by the person who originated it and all previous holders ...
Cases under section 138 of Negotiable Instruments Act. Issues relating to recovery of money. Issues under Indian Motor Vehicles Act,1988. Issues relating to labour disputes. Issues relating to public utility bills like electricity, water etc. excluding Non Compoundable offences. Issues relating to Matrimony. 2.
The Punjab Lok Adalat Act is designed to provide constitutional protection guaranteed under Article 14 and 39-A of the Constitution of India, of “ACCESS TO JUSTICE FOR ALL”. It is a legal system to resolve pending cases at Panchayat or rural places, those in a pre-litigation stage in courts are resolved amicably. [ 2 ]