Search Results for: Dishonor of cheque

Security cheque under the purview of section 138 negotiable instruments act, 1881

Dishonour of “Security Cheques” is not an offence. A Security Cheque is a cheque issued to a drawee as security or surety, not issued against the repayment of the loan.

Non-Bailable Warrant under section 138 in Negotiable Instrument Act, 1881

The legal authority to issue a non-bailable warrant if it is required to assure or force the appearance of the accused in a cheque bounce case under Section 138 of the Negotiable Instruments Act, 1881.

Breach of the settlement agreement is not a ground to invoke CIRP

Hon’ble NCLT Delhi held that the breach of the Settlement Agreement by the parties does not fall within the ambit of Operational Debt provided under Section 5(21) of the Insolvency Bankruptcy Code, 2016.

How Operational Creditors can revive their time-barred debt: An analysis of the Mekko Steel Case

There is a certainty that the time-barred debt can be revived even after the lapse of an initial period of limitation which is 3 years.