Recovery of Debt under Negotiable Instruments Act: Whether Boon or Bane

The current paper examines the effectiveness of Negotiable Instruments in dealing with recovery of the debt and so also examines the procedures involved in the recovery of debt under negotiable instruments act. Each examines how stage wise complaint under negotiable isntruments takes place. It also examines various judicial precedents laid down and traces down why and how the requirement arose for enactment of negotiable instruments act.