Sec 138 Indian Negotiable Instruments Act, 1881 Procedure to Serve Notice: 01) It is really a catastrophic nightmare to the Holder of the Dishonoured Cheque more so when the Drawer absconded, whereabouts unknown, left no assets.  With the fond hope of recovery, the hapless puzzled victim, the Payee runs wary of various places at least to complete the… Read More »

Collection Charges: 01) It is quite often argued when the Payee or Holder in due course or Holder for value or Holder hereinafter referred to as Payee for brevity presents a cheque for collection dishonoured, the Collecting Banker slaps Collection Charges on each and every presentation, an additional levy, at his no fault, on the crippled victim in… Read More »