Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Partners liable for firm's dishonoured cheques under Negotiable Instruments Act.

The High Court upheld the Revisional Court's decision not to quash the complaint under sections 138 and 141 of the Negotiable Instruments Act against the petitioners, who were partners of a firm. The court ruled that while the petitioners were not liable for cheques issued by a partner in a personal capacity, they were correctly accused for cheques issued on behalf of the firm. The court saw no justification to use its inherent powers under section 482 of the Code to dismiss the proceedings. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates