Legal Question in Credit and Debt Law in India

23.01.2016

Dear Sir / Madam,

Yes. Processes in Banks and Clearing Houses are electronic. We are moving to a scenario wherein no sooner you deposit a cheque, the credit thereof is instantly available in your A/c. So in your case, it could be that your payee Bank has learnt of the cheque dishonour on the 14th itself and they informed the payee on the 14th instant. and based on that intimation, the payee may have filed a case against you under Section 138 of the Negotiable Instruments Act, 1938.

Regards,