NIA S. 138 – Cheque Return Memo without Bank’s Seal & Signature is Valid Post-ECS — Seal/signature not mandatory after Electronic Clearance System; once execution of cheque is admitted, presumption under Sections 118 & 139 arises against the accused. [2026 PLRonline 410952]
(i) Negotiable Instruments Act, 1881 (26 of 1881), Sections 138 and 146 - Bank endorsement/Cheque return memo - Electronic Clearance ...