SECTION 138: DISHONOR OF CHEQUES

According to Section 6 of the Negotiable Instruments Act, 1881, a “cheque” is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand and it includes the electronic image of a truncated cheque and cheque in the electronic form. In other words, a cheque contains a mandate of the drawer to his banker to pay a specified sum of money to the bearer or the person mentioned therein or to his order.

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