The Karnataka High Court has reiterated that the day on which a bank intimates to the holder of cheque of its dishonour has ...

A scientific deep dive into “Spring fever?” But it was the topic of “Spring cleaning” that led me to the allied subject of “Junk drawers.” As I began my research, it soon became clear that in this ...

by the maker of the negotiable instrument—the one issuing the draft. This entity or person is known as the "drawer of funds." The term "negotiable" refers to the fact that the note in question ...

Revised Article 3 facilitates the transformation of a physical negotiable instrument ... and information derived from the instrument by the maker and drawer, rather than by physical delivery.

Justice Amit Borkar observed: “The signatory of the cheque, authorized by the "Company", is not the drawer in terms of section 143A of the NI Act (Negotiable Instruments Act) and cannot be ...

It said, “The expression ‘drawer’ in section 138 has not been interpreted to include either signatory of the cheque or the signatory director.” Section 148 of Negotiable Instruments (NI ...

even if the drawer has insufficient funds in their account. The Negotiable Instruments Act, 1881 provides for the legal recognition of negotiable instruments and the rules for their use.

Negotiable instrument refers to a written document ... order directing a bank to pay a specific amount of money from the drawer’s account to the person named on the check or to the bearer.