IMPORTANT on currency. s. 138 as it now stands carries two years’ imprisonment, and the section must be read with s. 142(b)’s condonation proviso and with ss. 143 to 147, 143A and 148, all inserted after 1988. The presumption under s. 139 and its rebuttal are governed by Rangappa v. Sri Mohan (2010); interim compensation by G. J. Raja v. Tejraj Surana (2019); and the deposit on appeal by Surinder Singh Deswal v. Virender Gandhi (2019). Take the current text of the section from those judgments and from the amended Act, not from an older print.
The sections below are the ones the LL.B. papers examine on this Act, with the unit that covers each and the cases decided on it. The official text is on India Code ↗.
Sections in the syllabus
s. 4
Covered in Unit 4 · Negotiable Instruments and the Debt Recovery Tribunals.
s. 5
s. 5(b)
s. 6
Covered in Unit 4 · Negotiable Instruments and the Debt Recovery Tribunals.
s. 8
Covered in Unit 4 · Negotiable Instruments and the Debt Recovery Tribunals.
s. 9
Covered in Unit 4 · Negotiable Instruments and the Debt Recovery Tribunals.
s. 10
Covered in Unit 1 · Banking Structure and the Insolvency and Bankruptcy Code.
s. 13
Covered in Unit 4 · Negotiable Instruments and the Debt Recovery Tribunals.
s. 13(1)
Covered in Unit 1 · Banking Structure and the Insolvency and Bankruptcy Code.
s. 13(2)
s. 13(4)
s. 13(8)
Covered in Unit 4 · Negotiable Instruments and the Debt Recovery Tribunals.
s. 15
s. 17
s. 17(2)
s. 20
s. 22
s. 26
s. 27
s. 28
s. 31
Covered in Unit 1 · Banking Structure and the Insolvency and Bankruptcy Code.
s. 34
s. 35
s. 35(4)
s. 35A
s. 45
s. 45K
s. 45L
s. 45M
s. 45N
s. 45Q
s. 49
s. 58A
s. 60
s. 78
s. 81
s. 86
s. 87
Covered in Unit 4 · Negotiable Instruments and the Debt Recovery Tribunals.
s. 88
s. 89
Covered in Unit 1 · Banking Structure and the Insolvency and Bankruptcy Code.
s. 96
s. 114
s. 118
s. 118(a)
s. 125
s. 126
Covered in Unit 4 · Negotiable Instruments and the Debt Recovery Tribunals.
s. 139
Covered in Unit 4 · Negotiable Instruments and the Debt Recovery Tribunals.
s. 141
s. 141(2)
s. 142(b)
s. 143A
Covered in Unit 4 · Negotiable Instruments and the Debt Recovery Tribunals.
s. 143A(5)
s. 148
s. 357
s. 389
s. 391
s. 391(1)
s. 393(1)
s. 421
s. 441(2)
s. 482
s. 531
Cases on this Act
- Tournier v. National Provincial and Union Bank of England (1924)
- London Joint Stock Bank Ltd. v. Macmillan (1918)
- Canara Bank Ltd. v. I. V. Rajagopal (1975)
- Canara Bank v. Canara Sales Corporation (1987)
- Sajjan Bank (Private) Ltd. v. Reserve Bank of India (1961)
- M/S Integrated Finance Co. Ltd. v. Reserve Bank of India (2015)
- M/S Durga Hotel Complex v. Reserve Bank of India (2007)
- Small Industries Development Bank of India v. M/S Sibco Investment Pvt. Ltd. (2022)
- Mardia Chemicals Ltd. v. Union of India (2004)
- Pandurang Ganpati Chaugule v. Vishwasrao Patil Murgud Sahakari Bank Ltd. (2020)
- Ponnuswami Chettiar v. P. Vellaimuthu Chettiar (1957)
- Ashok Yeshwant Badeve v. Surendra Madhavrao Nighojakar (2001)
- Lachmi Chand v. Madanlal Khemka (1947)
- Nunna Gopalan v. Vuppuluri Lakshminarasamma (1940)
- Shivalingappa v. P. B. Puttappa (1971)
- C. C. Alavi Haji v. Palapetty Muhammed (2007)
- Rangappa v. Sri Mohan (2010)
- Laxmi Dyechem v. State of Gujarat (2012)
- MSR Leathers v. S. Palaniappan (2012)
- G. J. Raja v. Tejraj Surana (2019) and Surinder Singh Deswal v. Virender Gandhi (2019)