When someone writes a bad cheque for Rs. 10,00,000/- or any other amount, they usually don’t realize that they need to take action right away. They might think that they will just pay the bill later, or that they will figure something out when they get paid again. But in reality, they should contact the […]
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Supreme Court of India in Perkins Eastman Architects DPC & Anr Versus HSCC (India) Ltd., ARBITRATION APPLICATION NO. 32 OF 2019, has held that the person who has interest in the outcome of the decision of the dispute must not have the power to appoint a Sole Arbitrator. Court looked into a number of judgements
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Supreme Court of India has passed new guidelines on Section 138 of Negotiable Instrument Act, 1881 in Suo Motu Writ Petition (Crl.) No. 2 OF 2020 by a Bench of three Judges, consisting of the Chief Justice of India S. A. BOBDE, L. Nageswara Rao, Justice and S. Ravindra Bhat, Justice. All these guidelines are
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A cheque is a financial instrument that plays a crucial role in the business and financial world. It is a form of bill of exchange, and is drawn upon a specified banker, and is payable only on demand by the applicant. In legal terms, the individual or organisation issuing the cheque is known as the
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