Karnataka High Court rules Son liable to Repay Dues of Deceased Father: Qualifies as 'Legally Enforceable Debt' under Section 138 NI Act The Karnataka High Court by its single judge, Justice K...
Supreme Court to hear: Whether Directors can be held liable for Dishonour of Cheques without involving the Company as a party The Supreme Court has agreed to hear a plea on the issue that whether the...
The True Purpose of Section 138 Of The Negotiable Instruments Act, 1881, Would Not Be Fulfilled, If The Term ‘Debt or Other Liability’ Is Interpreted to Include Only a Debt That Exists as On the Date...
Complaint u/s 138 of NI Act filed before expiry of 15 days from date of notice is not maintainable: Supreme Court The Supreme Court in its recent judgement held that a cheque bounce complaint filed...
A Director or Partner Cannot Be Held to Be Vicariously Liable for A Criminal Offence Under the Negotiable Instruments Act, 1881 (1) Merely Because of Being A Director or Partner of the Company or Firm...
An offence under Section 138 Negotiable Instruments Act, 1881 can also arise against A Cheque issued as Security: Supreme Court A Cheque issued as Security pursuant to a Financial Transaction cannot...
