Dishonor of cheque
Dishonor of Cheque: Legal Remedies and How It Works In commercial and personal transactions, cheques are widely used as a trusted mode of payment. However, when a cheque bounces or is dishonored by the bank, it can lead to serious legal consequences for the issuer and financial loss for the recipient. Dishonor of cheque is […]
Cheque Bounce: An Overview
Cheque Bounce: An Overview A cheque bounce, also known as dishonor of a cheque, occurs when a bank refuses to process a cheque due to insufficient funds or other reasons. This situation can lead to financial loss and legal consequences for both the drawer (the person issuing the cheque) and the payee (the person receiving […]