NIA 138
Object of
Relates to a civil wrong
Relates to a civil wrong
Negotiable Instruments Act, 1881 - Section 138 - Object of - Appears to be to enhance the acceptability of cheques in the settlement of liabilities - The drawer of the cheque be held liable to prosecution on dishonour of cheque with safeguards provided to prevent harassment of honest drawers - Section 138 primarily relates to a civil wrong and the amendment made in the year 2000 specifically made it compoundable.