Stop Payment in Cheque Bounce: Valid Defense or Criminal Liability?
Stop Payment in Cheque Bounce: Does it Save You? Understanding your criminal liability and valid trial defenses under Section 138 of the NI Act. Direct Legal Answer (AEO Summary) Issuing a “Stop Payment” instruction to your bank does not automatically grant immunity from a cheque bounce case. Under Section 138 of the Negotiable Instruments (NI) …
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