WebSecure. 42a-3-104. Negotiable instrument. Jiffy. 42a-3-105. Issue of instrument. Sec. 42a-3-106. Unconditional promise or order. Sec. 42a-3-107. Instrument payable in foreign money. Sec. 42a-3-108. Payable on demand or at definite time. Sec. 42a-3-109. Fees to bearer or to order. Sec. 42a-3-110. Identification of person to whom instrument is ... Web15 Feb 2024 · The correct answer is option 4, i.e. Section 13. Negotiability means transfer of an instrument from a person / entity to another person / entity. Negotiable instruments are documents meant for making payments, the ownership of which can be transferred from one person to another many times before the final payment is made. According to section …
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Web6 Apr 2024 · The section 13 of the Negotiable Instrument Act states that, “A negotiable instrument means a promissory note, bill of exchange or cheque payable either to order or to bearer”. The negotiable instrument act governs the usage of these negotiable instruments between two parties. However, no section of this act affects the usage of paper ... WebDamodar.S.Prabhu v. Sayed Babalal-SC of India : Impact of Section 147 of Negotiable Instruments Act This case decided by Supreme Court on Section 147 of the Negotiable Instruments Act speaks upon a new scheme to be adopted by the courts while dealing with cheque bounce cases. As there are reportedly more than 38 lakhs of cheque cases … peoples health dentists
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Web10 Apr 2024 · Consequently, the respondent No. 2 initiated proceedings at a 6% interest against the corporate debtor under u/s 138 of the Negotiable Instruments Act. During the ongoing proceedings, the corporate debtor paid an amount of Rs. 67.90 lakhs along with an interest of 6% vide a demand draft as per the directions of the Trial Court. Web11 Feb 2013 · provisions under Section 147 of the Negotiable Instruments Act, 1881, consequently, the petitioner is acquitted relying upon the decision of the Apex Court in K.M.Ibrahim v. K.P.Mohammed and another (supra) referred to hereinbefore." 5. The point that calls for determination in this revision case is whether WebInstitutions and Negotiable Instruments Laws (Amendment) Act, 1988 inserted in the Negotiable Instruments Act, 1881(hereinafter called the said Act), a new Chapter XVII, comprising sections 138 to 142 with effect from 1st April, 1989. Section 138 of the said Act provides for penalties in case of dishonour of cheques due to insufficiency of funds in peoples health declining over the years