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Published On: 10/10/2018
Practice Area: Banking & Finance, Government & Regulatory
Authors:
Lomesh Kiran Nidumuri
Anish Munu
The Negotiable Instruments (Amendment) Act, 2018 (the "Amendment") was recently passed by parliament and came into effect from September 1, 2018. It introduces substantial changes to the Negotiable Instruments Act, 1881 (the "Act"), which may have a significant impact on commerce and the ability of parties to transact through negotiable instruments.
This alert highlights the key changes introduced under the Amendment, and considers their impact on the complainant (the "Complainant") and the drawer (the "Drawer") of dishonored cheques.
This alert highlights the key changes introduced under the Amendment, and considers their impact on the complainant (the "Complainant") and the drawer (the "Drawer") of dishonored cheques.
