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Cheque bounce issue for larger bench
IN view of conflicting judgments delivered by various high courts in the country on two questions involving cheques which bounce, the Supreme Court has referred the issues to a larger bench for an authoritative pronouncement. Under Section 138 of the Negotiable Instruments Act, if a cheque is dishonoured, the payee may issue notice to the drawer to pay the amount within 15 days. If he does not receive
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