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Indian Laws - Highlights / Catch Notes

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Dishonor of Cheque - The object of statutory notice is to ...


Cheque Dishonor Case: Accused Avoids Demand Notice, Misses Chance to Prove Loan Repayment Under Statutory Notice Rule.

November 28, 2020

Case Laws     Indian Laws     HC

Dishonor of Cheque - The object of statutory notice is to protect an honest drawer of the cheque by providing him a chance to make the fund sufficient in his bank account and correct his mistake. The accused petitioner could have availed this opportunity by accepting the demand notice instead of repeatedly avoiding its service. He could have accepted the notice and projected his case that he already made the repayment of the loan, had this case of him been true. - HC

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