High Court Dismisses Complaints as Cheque Bounce Not Covered by Section 138 of Negotiable Instruments Act.

Bouncing of cheques - It is clear that the complainant itself was aware that the accounts had been frozen in terms of directions by some statutory authority. In these circumstances, the reasons for return of the cheques unpaid being not what is envisaged in Section 138 of the N.I. Act - complaints were rightly dismissed - HC .....

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