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Companies Law - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

Dishonour of cheque - cheque issued in terms of a compromise did ...


Cheque in Compromise Deal Doesn't Create New Debt; Fails as Payment if Compromise Falls Through.

February 8, 2014

Case Laws     Companies Law     HC

Dishonour of cheque - cheque issued in terms of a compromise did not create a new liability and in case the compromise did not fructify, the cheque could not have been issued towards payment of a debt - HC

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