Post-Dated Cheques & Section 138 of the NI Act: What You Need to Know
In today’s financial landscape, post-dated cheques (PDCs) are widely used as instruments of trust. Whether you’re paying EMIs, rent, loans, or business dues, PDCs help assure the recipient of future payment and reflect the issuer’s intent to settle liabilities on a later date. But what happens if a post-dated cheque bounces?Can you take legal action...
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