Negotiable Instruments Act not Classifies Cheques as Bearer or Account Payee

Nadress TU Vs State of Assam and Anr (Gauhati High Court) Provisions of Section 142(2) of N.I. Act makes it abundantly clear that no classification of cheque, as bearer or cross cheque/account payee cheque is made in the N.I. Act, for the purpose of jurisdiction. And as such no classification of cheque can be made for the purpose of jurisdiction, being not provided in the Act. Moreover, from the word ‘any cheque’, used in section 138, it can be well inferred that it may be an account payee cheque or a bearer cheque, dishonor of which on account of insufficiency of fund or exceed the amount...