Negotiable Instrument Act

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    • #1262

      Can we file a case twice under the negotiable instrument act using the same cheque and the same cause of action

    • #1265

      If the cheque has been presented twice during the period of its validity, and if it bounces and other conditions mentioned in Section 138 of Negotiable Instruments Act are satisfied, then it should be possible to file a case on the bouncing of the cheque on the second presentation.

      Every time a cheque is presented in the manner and within the time stipulated under the proviso to Section 138 followed by a notice within the meaning of clause (b) of the proviso to Section 138 and the drawer fails to make the payment of the amount within the stipulated period of fifteen days after the date of receipt of such notice, a cause of action accrues to the holder of the cheque to institute proceedings for the prosecution of the drawer.     


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