Complete Procedure for Filing a Complaint and Stages of Trial under Section 138 of the Negotiable Instruments Act, 1881
Introduction- Section 138 of the Negotiable Instruments Act was enacted to strengthen the credibility of commercial transactions and prevent the misuse of cheques. It provides a criminal remedy to a payee when a cheque issued for a lawful debt is dishonoured for “insufficient funds” or “exceeds arrangement”. This article explains the entire pre-complaint procedure, the…