The following are the notable features of this edition:
- Includes a new part on DRT and SARFAESI
- Includes a separate chapter on Dishonour of Cheques
- Discusses the Negotiable Instruments (Amendment) Act, 2018
- Covers the latest rulings of the Supreme Court and High Courts
The book discusses various aspects of recovery of debt through DRT, viz. making application to the tribunal, appeal to the appellate tribunal, pre-deposit provisions, etc. In the SARFAESI Act, provisions of enforcement of security interest, taking possession of the secured asset, etc. have been extensively dealt with. Further, the new chapter on Dishonour of Cheques analyses in depth the jurisdiction issue for an offence of criminal liability for dishonour of cheques.
The book will be of immense use for students of LL.B. and LL.M., bankers, financial institutions and businessmen. The book will prove to be indispensable for students appearing for the General and Specialist Officers exam conducted by the IBPS and bank employees and professionals appearing for the JAIIB/CAIIB examinations conducted by the Indian Institute of Banking & Finance.
About The Author
Dr. Avtar Singh, B.Com., LL.M., LL.D, is a multi-faceted personality, who has adorned his cap with multiple feathers- Author, Advocate, Professor. He has been awarded with numerous prestigious honours like Saraswati Sammaan by the U.P. Government and Vidya Bhushan Sammaan by the Hindi Sansthan in U.P., for his contributions in the field of legal education. In his decades-long career he has been a visiting professor of Business Laws at IIM, Lucknow and Reader in Law at Lucknow University.
Titles written by him have been prescribed by many leading universities and have been lauded by both students and teachers. His works and writing style have been appreciated both Nationally and Internationally.
He has followed his signature style of writing in all his works- the most comprehensive study of the subject that he takes in his hands in a simple and lucid language. He has written in both English and Hindi languages.
His list of works include: Business Law, Company Law (in English and Hindi), Competition Law, Consumer Protection: Law and Practice, Contract Law (Easy Law Series), Introduction to Company Law (in English and Hindi), Introduction to Law of Negotiable Instruments, Introduction to Partnership (including Limited Liability Partnership) (in English and Hindi), Intellectual Property Law, Law of Arbitration and Conciliation (in English and Hindi), Laws of Banking and Negotiable Instruments (in English and Hindi), Law of Carriage (Air, Land and Sea), Law of Contract and Specific Relief (in English and Hindi), Law of Insolvency, Law of Insurance, Law of Partnership (Principles, Practice & Taxation), Law of Sale of Goods (in English and Hindi), Negotiable Instruments (in English and Hindi), Textbook on Law of Contract and Specific Relief.
Review
In this book for the first time the subject of negotiable instruments has been dealt with elaborately covering not only the latest case-law on the subject but also the recent amendments in the law relating to negotiable instruments. For example, this is one of the first commentaries that incorporate the changes introduced by the Amendment Act 55 of 2002. The act has ushered in remarkable changes in its wake. The law relating to dishonour of cheques has been made more stringent and the procedure to be followed by the Courts in such cases has been simplified to enable the speedy disposal of the cases. The limitation period for the issue of notice in such cases has been increased to 30 days from 15 days. The amendment further provides for the issue and acceptance of cheques in electronic form including truncated cheques in electronic image it also provides for digital signatures ans asymmetric crypto system.
The work gives a detailed commentary on the three kinds of negotiable instruments recognised by the Indian Negotiable Instruments Act, 1882, viz., promissory note, bill of exchange and cheque. A comprehensive introduction, discusses the definition of a Negotiable Instrument and the kinds of negotiable instruments, the rights and duties of the parties as well as the legal conditions to complete the negotiable instrument, all explained in an unambiguous language. A large number of cases relating to cheques, including dishonour of cheques, have been discussed.
Another highlight of the book is its simplicity of explanation combined with a style that ensures easy understanding for the reader. The book will surely prove to be indispensable for lawyers, bankers, financial institutions, businessman and students.
"... Avtar Singh, a distinguished author"- Law Books in Review, U.S.A.
"... Dr. Avtar Singh writes with an ease and simplicity that holds the attention of the reader..."- Cochin University Law Review
"... Avtar Singh displays an amazing capacity... It goes to his credit for presenting a comprehensive picture reflecting clarity of thought and analysis of the subject."- Lex Et Juris
"... References to other sources are excellent, legal content and coverage of the book is good"- Dr. Saurabh Chandra, Asst. Prof. Symbiosis Law School, Noida
"...Dr. Avtar Singh has presented the book in very simple, lucid and straight forward manner. The Negotiable Instrument Act has been properly dealt with. The icing on the cake is the covering of Supreme Court and High Court rulings. The overall quality is very good and indispensable for students".-- Gurujit Singh, Advocate & Guest Faculty at RGNUL, Punjab
".... References to other sources are good. Language used is good in this book"..- Sreeparvathy. G, Guest Faculty, Banking Law.
".... This comprehensive book by the author Dr. Avtar Singh "Banking and Negotiable Instruments provides for the better understanding of the Acts and the judicial interpretation given to the statutory provisions.This book being divided into these parts gives clarity about the different concepts made easy to understand."- Kusum Lata, Asst. Professor, VIAS, Pitampura.
"... Overall the book contains all the topic related to Banking Law."- Garima Goswami, Assistant Prof. Of Law, GNLU, Gujarat.