Tag

Cheque
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 by
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The Registrar General, High Court of Judicature at Hyderabad, for The State of Telangana and for the State of Andhra Pradesh
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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 observed
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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”).
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