TimesMachine is an exclusive benefit for home delivery and digital subscribers. About the Archive This is a digitized version of an article from The Times’s print archive, before the start of online ...

In simple words, a cheque is an order to a bank to pay a particular sum of money from the account of the issuer of the cheque, written on a specifically printed form. The issuer of the cheque is ...

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 ...

Delivering an important verdict, the Nagpur bench of Bombay High Court ruled that in cheque bounce cases, only drawee bank’s jurisdiction could be considered during criminal proceedings under Section ...

In Demuth v. Commissioner (T.C. Memo 2022-72), the Tax Court held that certain checks issued and deposited before, but paid after, a decedent’s passing weren’t includable in the decedent’s taxable ...

According to the Bank for International Settlements, a check is a written order from one party (the drawer) to another (the drawee, normally a bank) requiring the drawee to pay a specified sum on ...

Cheque’s beneficiary has the option to reject a partial payment Banks operating in the UAE can no longer stop payment against a cheque even when the cheque drawer’s account does not have enough funds ...

Ambiguous Instruments is defined in Section 17 of Negotiable instruments Act, 1881. Ambiguous Instrument is an instrument, which in form is such that it may either be treated by holder as a note or as ...