A
Ingredients of Section 138 of Negotiable Instruments Act in India
- A person must have drawn a cheque to another person for payment of certain amount;
- Cheque has been presented to bank within a period of 3 months from date it was drawn;
- Cheque is returned by bank unpaid because of insufficient fund in the account;
- Holder of cheque makes a demand for payment of the said amount of money by giving notice to drawer and within 30 days period it is unpaid and returned;
- Drawer fails to make payment to the payee