Friday, August 7, 2020

If Amount written on Instrument is ‘absurd’, it can’t be called ‘Cheque’, doesn’t attract any legal consequence: Delhi Court

The Patiala House court Delhi held that the cheque is invalid on the face of it because of uncertainty as to the amount written in words. If the amount written on the Instrument is ‘absurd’, it can not be called ‘cheque’, does not attract any legal consequence under Section 38 of the Negotiable Instrument Act. […]

from Taxscan | Simplifying Tax Laws https://ift.tt/33AvLIw

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