Cheque Dishonour: Reasons, Consequences and Remedies!

A Cheque is simply a bill of exchange drawn upon a predefined broker and is payable on request/demand. Legally, the individual who has given the cheque is called ‘drawer’ and the individual in whose favour the cheque is given is called ‘drawee’. A cheque is viewed as the most widely recognized, credible and safe technique for making money-related transactions in business as well as in the individual capacity. In any case, cheques are one of the primary reasons for legal discord in India.

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