Section 138 of NIA : Section 138: Dishonour Of Cheque For Insufficiency, Etc, Of Funds In The Account

NIA

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Explanation using Example

Imagine John issues a cheque to Mike for INR 50,000, which is a partial repayment of a loan. Mike deposits the cheque into his bank, but it gets returned due to insufficient funds in John's account. Mike then sends a written notice ...

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