If a cheque bounces because a bank merged with another bank, can the person who deposited it file a case under the Negotiable Instruments Act in India?
If a cheque bounces because a bank merged with another bank, can the person who deposited it file a case under the Negotiable Instruments Act in India?
Under Indian law, a bounced cheque case can be filed under the Negotiable Instruments Act even if the bounce was due to a bank merger. The drawer (the person who issued the cheque) is still responsible for ensuring the cheque is honored, regardless of the reason for the bounce.
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