Section- 3 of the Negotiable Instruments Act, 1881 defines a cheque as “A bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand and it includes the ...
The Supreme Court on Tuesday held that a cheque is dishonoured only if it represents a “legally enforceable debt” on the date of its maturity or presentation. “For the commission of an offence under ...
The Malta Association of Credit Management acknowledges that dishonoured cheques undermine the role of cheques as a reliable means of payment, thus constituting a destabilising factor for the ...
Dishonoured cheques are a reoccurring problem and are on the rise since the onset of the financial crisis. As a result, there has been a sharp increase in criminal cases and complaints filed with the ...