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Promissory Note ...

Promissory Note is the written note made by the payer which contains the promise to pay a certain amount of money on a specified date or on demand to the payee or the bearer of the note. In short it is promise in written form to pay the debt. Requirements for a promissory note: The […]

Cheque Bounce/ Dishonour u/s 138 ...

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 […]

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 […]