Multiple Choice Questions on A proceeding in a Civil Court or Criminal Court for dishonor of Cheque may be instituted only w........... for Judicial Services (Master) Preparation

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Multiple Choice Questions

A proceeding in a Civil Court or Criminal Court for dishonor of Cheque may be instituted only w...........

Negotiable instrument Act Others
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    A proceeding in a Civil Court or Criminal Court for dishonor of Cheque may be instituted only when

    The cheque should have been presented within six months of its issue, or within the period of its validity, whichever is earlier

    Correct Answer

    The drawee should have issued a notice to the drawer demanding the payment of the amount for which the cheque is drawn and even when the drawer should have complied within the period of the notice

    Incorrect Answer

    The cheque should have been presented within a period of three months.

    Incorrect Answer

    The notice must have been issued in writing within a period of 45 days of the receipt of information from the bank regarding dishonor of cheque

    Incorrect Answer
    Explanation:

    The cheque should have been presented within six months of its issue, or within the period of its validity, whichever is earlier 

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