Table of Contents Chapter No. | Chapter Title | Page No. | Chapter 1 | Introduction:-Title General IntroductionStatement of the Problem Objective of the StudyHypothesisesResarch Question Scope and Limitation Research MethodologyTentative ChapterizationReview of Literature | 5-9 | Chapter 2 | Meaning of Negotiable Instrument and Dishonour of Negotiable Instrument | 10-12 | Chapter 3 | Legal Provision related to Dishonour of Negotiable Instrument in India with special reference to Dishonour of Cheque | 13-16 | Chapter 4 | Judicial trend related to Dishonour of Cheque | 17-19 | Chapter 5 | Conclusion and Suggestion | 20-21 |
Chapter 1
TITLE: A Study on Dishonour of Negotiable Instrument with Special Emphasis on laws of Dishonour of Cheque in India
Introduction
A cheque is a type of bill of exchange and is a negotiable instrument. It is used for making payments without any need to carry cash. A Dishonored Cheque is a Cheque that is not credited by the Bank for numerous reasons including: The signature does not match; the account on which the cheque is drawn has insufficient funds, the date is invalid – i.e. the presentation of the cheque 6 months from the date on the cheque. Advent of cheques in the market have given a new dimension to the commercial and corporate world, its time when people have preferred to carry and execute a small piece of paper called Cheque than carrying the currency worth the value of cheque. Dealings in cheques are vital and important not only for banking purposes but also for the commerce and industry and the economy of the country. But pursuant to the rise in dealings with cheques also rises the practice of giving cheques without any intention of honouring them. Before 1988 there being no effective legal provision to restrain people from issuing cheques without having sufficient funds in their account or any