Section 138 of Negotiable Instruments Act, 1881

Abstract

The law relating to negotiable instruments is not the law of one country, or of one nation, rather it is the law of commercial world in general, for it consists of certain principles of usage and equity which general convenience and justice had established to regulate the dealings of merchants and mariners in all commercial countries of the civilized world. Even now, the laws in several countries in Europe are, so far as general principles are concerned, similar in many aspects. Of course, on questions of detail, different countries have solved the various problems in different ways, but the essentials are same, and the similarity of law is the pre-requisite for the vast international transactions that are carried among various countries. The object of this article is regarding, “Acknowledge, support and analysis of the statutory provision regarding the jurisdiction for the cases of dishonour of cheque and the aspect given by the Apex court on the same. It also identifies relevant steps taken under the statute for the protection and betterment of plaintiff and accused and a thorough study of the latest Apex court decision on the jurisdictional aspect.”