Section 138 NI Act Complete Guide | Cheque Bounce Law Explained
Watch Episode 8 of Law Made Easy by SCC Times and understand how cheque bounce becomes a criminal offence under Section 138
ChequeDishonour
Cheque Dishonour due to Frozen Account not Offence Under NI Act: Delhi High Court interprets “account maintained” under Section 138 NI Act
“Even though the cheque return memo may mention its reason for dishonor as “insufficient funds”, the fact remains that, the petitioners’ account was frozen by the CGST Department, and thus, it could not be said to be “maintained” by them.”