Trustees Not Liable for Cheque Dishonor Under NI Act Sections 138 & 141 if They Didn't Sign the Cheque.

Dishonor of Cheque - Prosecution proceedings against the trustee who has not signed the cheque - The "trust" is not a "body corporate" or an "association of individuals" as provided in the Explanation to section 141 of the N. I. Act. Therefore, no prosecution against the trustees, invoking the provisions u/s 138 / 141 of the NI Act, can be maintained. .....

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