Allahabad High Court: Moratorium Under Section 14 Of IBC Shields Corporate Debtor And Not Directors From Proceedings Under Sections 138/141 NI Act The Allahabad High Court has held that the...
Kerala High Court Affirms Appellate Court's Statutory Discretion For Fines Under Section 148 Of NI Act The Kerala High Court has ruled that the Appellate Court possesses statutory discretion to...
Madhya Pradesh High Court: Sec 138 NI Act and Arbitration Proceedings Run Concurrently, Do Not Overlap Justice Anand Phatak of the Madhya Pradesh High Court has ruled that the proceedings concerning...
Allahabad High Court: Cheque Returned By Bank Indicating “Account Closed” Constitutes Dishonour of Cheque under Section 138 of the NI Act The Allahabad High Court has ruled that if a bank returns a...
Supreme Court Reiterates: Blank Cheque voluntarily signed by drawer Attracts Presumption under Section 139 of Negotiable Instruments Act The Supreme Court has reiterated that when a blank cheque leaf...
Supreme Court: Director Not Liable For Dishonour of Cheque Issued After Their Retirement Unless Credible Evidence Presented To Prove Culpability The Supreme Court has noted that the liability of the...
Supreme Court in NI Act: Accused Can Secure Bank-Certified Specimen Signature Copy In a case filed under Section 138 of the Negotiable Instruments Act, the Supreme Court has clarified that when the...
Kerala High Court: Under NI Act, Trial Court’s Reasonable Verdict On Insufficient Funds Can’t Be Interdicted By Appellate Court The complainant had appealed against the decision without submitting...
Signatory Not Liable for Sole Proprietor's Debts: Andhra Pradesh High Court The Andhra Pradesh High Court has determined that Section 141 of the Negotiable Instruments Act (NI Act), 1881 does not...
Appellate Court Must Give Reasons for Ordering Deposit under NI Act: Kerala High Court The Kerala High Court has ruled that the appellate Court must pass a reasoned order, demonstrating careful...
Delhi High Court Rules Arbitration Proceedings And NI Act Section 138 Proceedings Can Continue Simultaneously Relies on the judgment of the Supreme Court in a previous case The Delhi High Court...
Kerala High Court: If Company Is Acquitted Of Cheque Bouncing, Director Not Vicariously Liable Under NI Act The bench set aside the order of the appellate Court and allowed the revision petition of...
