Adv. Sarika Khude's Blog

1.  With the help of the Negotiable Instruments (Amendment) Act 2018, new provisions related to interim compensation are added in the Negotiable instruments Act 1881.  2.  It adds two new sections to the NIA 1881 ; Section 143A and Section 148 to limit the issues of dishonor of cheque and to stop the injustice that a cheque bearer faces after the dishonor of the cheque.  3.   In the cases of dishonor of cheques the drawer drags the case longer to avoid the payment and before this amendment, the cheque holder was not entitled to any kind of compensation until the Court fully resolved the case. The Negotiable Instruments (Amendment) Act 2018 focuses on this unfair issue faced by the cheque holder.  4.  The newly added Section 143A gives power to the trial court to allow interim compensation to the complainant of dishonor of cheques when the accused pleads not guilty.  5.  Section 143A specifies...

धनादेश बाऊन्स प्रकरणात सर्वोच्च न्यायालय मार्गदर्शक तत्त्वे सुप्रीम कोर्टाने धनादेश बाऊन्स प्रकरणांची सुनावणी वेगवान करण्यासाठी काही मार्गदर्शक तत्त्वे प्रसिध्द केलेली आहेत . Speedy Disposal of Cheque Bounce Cases 7 मार्च , २०२० रोजी CJI Bobde and Justice L Nageswara Rao यांच्या खंडपीठाने निगोशिएबल इन्स्ट्रुमेंट्स अ‍ॅक्ट या कायद्यातील कलम १ 38 अन्वये त्वरित खटल्याच्या पद्धती तयार करण्यासाठी सु - मोटो खटला दाखल केलेला होता . सुप्रीम कोर्टाने भारतातील 35 लाखाहून अधिक चेक बाऊन्स प्रकरणे त्वरित निकाली काढण्यासाठी विशिष्ट उपाय - योजना सुचविण्यासाठी पॅनेल गठित केले होते . मुंबई हायकोर्टाचे माजी न्यायाधीश आर . सी . चौहान यांच्या अध्यक्षतेखाली हे पॅनेल गठित करण्यात आले होते . पॅनेलला तीन महिन्यांत अहवाल सादर करण्यास सांगण्यात आले होते ज्यामुळे the subordinate courts च्या अडचणी वाढत आहेत . न्यायालयीन यंत्रणेतील चेक बाऊन्स प्रकरणांमध्ये जवळपास 30 टक्के प्रकरणांची वाढ झाली असून निगोशिएबल इन्स्ट्रुमेंट्स अ‍ॅक्ट या कायद्यातील कलम १ 38 अन्वये चेक बाऊन्स केल्याचा गुन्हा दाखल झाल्यावर कोर्टाने कोण...

Before deciding on the brand , compare the quality, price and in the case of electronic gadgets, the after-sales service. Study the warranty, particularly the small print. Do not hesitate to ask questions and clarify doubts.  In case of medicines or packed foods , always check the date of manufacturing, expiry or the best before date. If there's a 'free gift', make sure that it's really free. Always collect the cash receipt with details of the product clearly mentioned. The warranty card with the retailer's seal is a must. If the receipt contains conditions like goods once sold will not be taken back or exchanged or that the retailer is not responsible for the quality of the products, protest. Pay for expensive goods or services , with an account payee cheque or credit card, so that you have additional proof of having paid for it. Before entering into a contract for a service, do not be in a hurry to sign the papers. First, read them carefully and...

मालमत्तेच्या फौजदारीपात्र अपहाराविषयी - Criminal embezzlement (misappropriation- गैरविनियोग ) of property Criminal Embezzlement प्रॉपर्टीचा अप्रामाणिक Dishonest अपहार – गैरविनियोग - जो कोणी कोणत्याही जंगम प्रॉपर्टीचा अप्रामाणिकपणाने Dishonestly मिसॲप्रोप्रियेशन करील , किंवा आपल्या उपयोगासाठी स्वतःची म्हणून ती वापरील त्याला , 2 वर्षापर्यंत असू शकेल इतक्या मुदतीची Deadline ची कोणत्या तरी एका वर्णनाच्या इमप्रिजेनमेन्टची किंवा द्रव्यदंडाची किंवा दोन्ही पनिशमेन्ट होतील . ‘ अ ' हा ' ब ची प्रॉपर्टी ' ब ' च्या कब्जातून From possession घेतो व प्रॉपर्टी अशा प्रकारे घेताना ती प्रॉपर्टी त्याची स्वतःचीच By itself आहे असे तो सद्भावपूर्वक In good faith समजतो . ‘ अ ' चोरीबद्दल दोषी Guilty of theft नाही , पण जर आपली चूक त्याला कळून आल्यानंतर , त्याने ती अप्रामाणिकपणाने Dishonestly आपल्या उपयोगासाठी for use स्वतःची Own म्हणून वापरली , तर तो या प्रॉपर्टीचा Dishonest गैरविनियोग या क्राईमबद्दल दोषी Guilty आहे . ‘ अ ' चे ' ब ' बरोबर मैत्रीचे संबंध Friendly relations...

The Key Provisions of the Negotiable Instruments Act   The Act contains provisions relating to the following: Definition of negotiable instruments and the rights and duties of parties to such instruments The rights and liabilities of holders, endorsements, and the powers of holders to negotiate instruments The provisions relating to the crossing, acceptance, and payment of cheques The provisions relating to the discharge of parties to negotiable instruments and the effect of discharge The provisions relating to the material alterations of negotiable instruments and the rights and liabilities of parties in such cases The provisions relating to the liability of parties to bills of exchange for fraud, forgery, and other offences The Act defines a negotiable instrument as a written document that gives the holder the right to demand payment of a certain sum of money from the maker or issuer of the instrument. Negotiable instruments include promissory notes, bills of exchange,...

Before deciding on the brand , compare the quality, price and in the case of electronic gadgets, the after-sales service. Study the warranty, particularly the small print. Do not hesitate to ask questions and clarify doubts.  In case of medicines or packed foods , always check the date of manufacturing, expiry or the best before date. If there's a 'free gift', make sure that it's really free. Always collect the cash receipt with details of the product clearly mentioned. The warranty card with the retailer's seal is a must. If the receipt contains conditions like goods once sold will not be taken back or exchanged or that the retailer is not responsible for the quality of the products, protest. Pay for expensive goods or services , with an account payee cheque or credit card, so that you have additional proof of having paid for it. Before entering into a contract for a service, do not be in a hurry to sign the papers. First, read them carefully and sign only if yo...