The Negotiable Instruments Act, 1881
Chapter- III Parties Notes, Bills and Cheques
Section 31: Liability of drawee of cheque.
31. The drawee of a cheque having sufficient funds of the drawer in his hands properly applicable to the payment of such cheque must pay the cheque when duly required so to do, and , in default of such payment, must compensate the drawer for any loss or damage caused by such default.
Access complete Bare Act here. To research Section and sub-section wise judgments, visit here.
Follow for daily updates: