Author: Divyanshi Singhal

Introduction A new layer has been added to the commercial and corporate world with the introduction of checks into the market. In the past, individuals preferred to carry and execute a tiny piece of paper known as a check rather than carry cash equivalent to the check’s value. In addition to banking, check transactions are important and necessary, but also for the economy, trade, and industry of the country. However, the rise in check transactions has coincided with a surge in the practice of writing checks with no intention of honouring them. Checks are used for almost all transactions, such…