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Indian Laws - Highlights / Catch Notes

Home Highlights March 2020 Year 2020 This

Dishonor of Cheque - Account closed - When the cheque is ...

Case Laws     Indian Laws

March 11, 2020

Dishonor of Cheque - Account closed - When the cheque is returned by a bank with an endorsement account closed, it would amount to returning the cheque unpaid because the amount of money standing to the credit of that account is insufficient to honour the cheque as envisaged in Section 138 of the Act. - HC

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