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Article on bill of exchange under Banking Law ...

OVERVIEW Bill of exchange is a type of negotiable instrument in which a written, unconditional order made by one party (drawer) is transferred to another (the drawee) to pay a certain sum of money, either immediately or on a fixed date as mentioned in the bill, for payment of goods or services received. Drawee by […]

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Sarfaesi ...

SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 The Sarfaesi Act, 2002 basically was designed to protect the interests of the bank as a creditor. This act provides to protect only secured creditors. This is a powerful tool in the hands of the bank for recovering non-performing assets (NPA). This […]

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Sample Notice Format U/S138 of the Negotiable Instruments Act
Sample Notice Format U/S138 of the Negotiable Instruments Act ...

A notice served under Section 138 of the Negotiable Instruments Act should be issued within one month of the bounce of the cheque is sent through registered AD post only. Notice Format under Section 138 To ——————————– ——————————— Sub.:- Legal notice under Section 138 of the Negotiable Instrument Act. Sir, Under the instructions and authority from […]

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