Cross Examination Strategies
Summary
Cross-examination for dishonored negotiable instruments should focus on issuance circumstances, dishonor reasons, and prior communications. In India, Section 138 of the Negotiable Instruments Act, 1881, addresses cheque dishonor due to insufficient funds. If a cheque was given for security, it may impact legal proceedings. A legal notice must be sent within 30 days of dishonor. Document any resolution attempts.Full Conversation
The cheque is given for security purpose of emi
In the case of a dishonored cheque given for security purposes, here are some general points to consider under Indian law:
- Negotiable Instruments Act, *: Section * deals with the dishonor of cheques due to insufficient funds or if it exceeds the arrangement.
- Security Purpose: If the cheque was for security and not immediate payment, it might affect the legal proceedings.
- Legal Notice: The payee must send a legal notice within 30 days of the cheque being dishonored.
- Resolution Attempts: Document any attempts to resolve the issue amicably.
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