Law · Negotiable Instruments Act

If a cheque is dishonoured due to insufficient funds, which section of the Negotiable Instruments Act, 1881 provides for penal consequences?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Section 31
2Section 138✓
3Section 131
4Section 85

Correct answer

Section 138

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If a cheque is dishonoured due to insufficient funds, which section of the Negotiable Instruments Act, 1881 provides for penal consequences?

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If a cheque is dishonoured due to insufficient funds, which section of the Negotiable Instruments Act, 1881 provides for penal consequences?

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