Compounding of Offenses Under Section 138 NI Act: Steps

in138DISHONOUR OF CHEQUE US 138 OF N.I ACT 1881. WHAT IS CHEQUE? As per simple definition is concerned the word cheque means anThe object of introducing Section 138 in the Negotiable Instruments Act, 1881 (hereinafter referred to as NI Act) is to enhance the acceptability of cheques in the settlement