Deed of Settlement in a Cheque Bounce Case (Section 138 Case)
Parties write a deed of settlement in a cheque bounce case when they compromise in the case. The Negotiable Instruments Act, 1881, Section 138, governs cases involving bounced cheques. When a bank doesn’t honour a payment, a cheque bounces. A cheque is said to have been dishonoured or bounced when the bank returns it unpaid. … Read more