whom notice should be given.—
When a promissory note, bill of exchange or cheque is dishonoured by non-acceptance or non-payment, the holder thereof ... renders it necessary to give notice to the maker of the dishonoured promissory note, or the drawee or acceptor of the dishonoured bill of exchange
qualified the bill may be treated as dishonoured. 92. Dishonour by non-payment.—
A promissory note, bill of exchange or cheque is said ... whom notice should be given.—
When a promissory note, bill of exchange or cheque is dishonoured by non-acceptance or non-payment, the holder thereof
company and its managing agents had also dishonoured by non-payment the promissory notes for in all four lacs which were presented by the Imperial ... been too optimistic, for we know that the agents had dishonoured their own promissory notes on July 2, and their general conduct had been attacked
Section 91 defines dishonour by non-acceptance, Section 92 defines dishonour by non-payment and says: 'A promissory note, bill of exchange or cheque ... promissory note or a bill of exchange has been dishonoured by non-acceptance or nonpayment, the holder may cause such dishonour to be noted
renders it necessary to give notice to the maker of the dishonoured promissory note or the drawee or acceptor of the dishonoured bill of exchange ... runs as follows: "The compensation payable in case of dishonour of a promissory note, bill of exchange or cheque, by any party liable
that the accused had executed four promissory notes and they were presented for encashment but they were dishonoured and, therefore, after issuing notice ... were filed under Section 138 of the Negotiable Instruments Act. The dishonoured promissory notes also have been filed before the court. From the materials alleged
renders it necessary to give notice to the maker of the dishonoured promissory note or the drawee or acceptor of the dishonoured bill of exchange ... confined to promissory notes and bills of exchange. Section 67 would apply only in case of a promissory note. While section 68 mentions
Rules as to compensation: - Compensation payable in case of dishonour of a promissory note, bill of exchange or cheque, by any party liable ... envisages payment of compensation in the event of dishonour of promissory note, bill of exchange, and cheque, Section 138 is confined only to the dishonour
same day i.e. 25 th
March 2006 , a demand promissory note of Rs. 10 crores and an
ICD receipt of Rs. 10 crores were ... payable
by it under the Inter Corporate Deposit
Agreement/receipts/promissory notes/dishonoured cheques,
i.e. the amount due on an ascertained amount of debt
basis of collateral security. Hence, the suit filed on
the promissory notes and the dishonoured cheques was held to
be squarely covered by the exclusion ... settled legal principles discussed above,
a suit filed on the promissory notes and the dishonoured
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