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 ...

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

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.

Ambiguous Instruments is defined in Section 17 of Negotiable instruments Act ... the drawee and the drawer are the same people or where the drawee is a fictitious person or a person inept to ...

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.

An allonge is a sheet of paper that is attached to a negotiable instrument, such as a bill ... then it will be deemed as pertaining to the drawer. Bills of exchange are primarily used in ...

A cheque is a negotiable instrument instructing a financial institution to pay a specific amount of a specific currency from a specified transactional account held in the drawer’s name with that ...

If the cheque is dishonoured again, then the payee has the right to prosecute the drawer legally. Section 138 of the Negotiable Instruments Act,1988 provides a legal recourse. Under this section ...

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 ...

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 ...