Bank vs Borrower: High Court Steps In After Petitioner Seeks Cheque Bounce Case Settlement Under New Supreme Court Guidelines – Punjab and Haryana High Court
Background of the Case In a recent decision, the High Court of Punjab and Haryana dealt with a significant matter under the Negotiable Instruments Act, 1881, particularly focusing on Section 138 which relates to the dishonor of cheques due to insufficient funds. The petitioner, Hardial Singh, had taken a loan of Rs. 3,50,000 from the Punjab Gramin Bank for purchasing a car. As part of the repayment process, the petitioner…
