Sections 138, 139, 118, 140—Dishonour of cheque—Insufficiency of funds—Appellant filed a complaint under Section 138 of NI Act after a Cheque issued byRead More
In the above mentioned case, the High Court had compounded the offence, even though the appellants/ complainant had not consented, by invoking its inherent power under Section 482 Cr.P.C. Distinguishing these two sections, the Bench of Justices CT Ravikumar and Sanjay Karol observedRead More
The Hon’ble Supreme Court of India held that an authorized signatory of the company could not be considered as a 'drawer' of cheque, and therefore, could not be directed to pay the interim compensation to the complainant under Section 143A of the Negotiable Instruments Act of 1881 (“NI Act”).Read More
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