It is vast subject which knows no limits or boundaries. The authors have tried their best to do justice to the subject by incorporating the latest material and by making a reference to the latest judgments on the subject. Yet it is a too big stake to claim perfection. Contemporary practices further envisage that the legislature brings into force corresponding changes in the provisions related to Dishonour of Cheques in the Negotiable Instruments Act, 1881 or give it a wider scope of adjudication. More particularly, the manner in which the demand notices have to be served upon the drawer of the cheque after its dishonour needs attention. While it remains law, it is to be treated as always speaking. This means that in its application on any date, the language of the Act, though necessarily embedded in its own time, is nevertheless to be construed in accordance with the need to treat it as current law.
Full efforts have been made in making this edition up-to-date, exhaustive, improved and complete in respect of Legislative Developments, and Judicial Developments. This edition, like its previous edition, will serve as a reference guide for the Judges, Lawyers, Law Libraries Corporates, traders and others who deal with and to whom dishonour of cheque concerns.
A new chapter has been added in this edition on the relevant provisions of the Payment and Settlement Systems Act, 2007 relating to dishonour of electronic payments. Abundance of case law has been streamlined to include precedents laying down new propositions.