Five Landmark Cheque Bounce Cases
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Published date: November 7, 2023
- Location: Janak Puri, New Delhi, New Delhi, Delhi, India
Dalmia Cement (Bharat) Ltd v. M/S.Galaxy Trades & Agencies Ltd. (Appeal (Crl.) 957 of 2000),In this case The Supreme Court noted that Section 138 of the Negotiable Instrument Act was enacted with the specific purpose of establishing a particular provision by including a strict responsibility in the case of a cheque and a negotiable instrument. As per the Court, the law pertaining to negotiable instruments is a business legislation that was enacted to ease trade and commerce, by granting sanctity to instruments of credit that might be regarded to be convertible into money, and easily transferable from one person to another. Read more
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