Tag Archives: instrument

Amounts written in different inks render negotiable instrument void: MHC

The Madras High Court recently held that amounts written in different inks in a promissory note without any justification amounts to material alteration and would render the promissory note void. Any material alteration without the consent of the parties would … Continue reading

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The Negotiable Instruments (Amendment) Bill, 2015 notified: Govt.

The Negotiable Instruments (Amendment) Bill, 2015 was passed by the Parliament in the recently concluded Winter Session of the Parliament. The Negotiable Instruments (Amendment) Act, 2015 received the assent of the President on the 26th December, 2015 and has been … Continue reading

Posted in Banking Law, Company Law, Consumer Law, Criminal Law, crpc, Evidence Law, General Law, International Law, Negotiable Instruments Act | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Amendment in Negotiable Instrument Act: Govt

The President of India has promulgated the Negotiable Instruments (Amendment) Ordinance, 2015 (No.6 of 2015) on 15th June, 2015. The Ordinance provides for determination of territorial jurisdiction of courts for trying cases relating to offence of dishonour of cheques under … Continue reading

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NI complaint to be filed after 15 days from date of receipt of notice: SC

In an important decision, the Supreme Court of India clarified that no complaint can be filed against the drawer of a cheque unless the period of 15 days has elapsed from the date of receipt of the notice of payment … Continue reading

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Transfer of possession not essential under a gift: SC

A Large Bench of the Supreme Court of India clarified that the ‘transfer of possession’ of immovable property under a gift is not an essential prerequisite under Transfer of Property Act (“Act”) and does not affect the validity of a … Continue reading

Posted in Civil Law, Contract Law, Family Law, General Law, Real Estate | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Cheque not an existing debt or liability for advance payments: SC

In an important ruling, the Supreme Court of India held that if a cheque is issued as an advance payment for purchase of the goods and for any reason purchase order is not carried to its logical conclusion, the cheque … Continue reading

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One month period u/s 142 NI Act be reckoned by excluding date of cause of action: SC

In an important ruling, a large Bench of the Supreme Court of India clarified that while calculating the period of one month which is prescribed under Section 142(b) of the Negotiable Instruments Act (“N.I. Act”), the period has to be … Continue reading

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