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How effective are the Cheque bouncing provisions under negotiable instruments act, 1881?

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Introduction: Section 138 to 147 were incorporated in Negotiable Instruments Act, 1881(NI Act) with a view to promote the efficacy of the banking operations and to enhance the credibility of the cheques in business transactions. The NI Act makes the drawer of cheque liable for penalties in
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G S Rao

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I am heading Secretarial and Legal department and deisgnated as Deputy General Manager Cum Registrar.

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