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Cheque Bounce/ Dishonour u/s 138 of Negotiable Instruments Act, 1881. This article holistically informs about Cheque Bounce/ Dishonour u/s 138 while highlighting; The law. The procedure. The approach adopted by the best advocates for Cheque Bounce/ Dishonor Cases. You may open The Negotiable Instrument Act, 1881 for handy reference. In an event of confusion, you […]

Nationalisation Of Banks

MEANING Nationalisation is a process whereby the national government takes over the private assets into public ownership by an Act or an ordinance. 14 commercial banks were nationalised by the Government of India on July 19, 1969, through an ordinance under Article 123 of the Indian constitution which was replaced by the Banking Companies Act […]

Insolvency and Bankruptcy

Insolvency and Bankruptcy

Insolvency and bankruptcy are concepts related to a business or a person who is unable to repay outstanding debts. The process of Bankruptcy begins with a petition filed by the debtor or on behalf of creditors, which is less common. A person is declared bankrupt “When he/she is incapable of paying their due and payable […]