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Indian Laws - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Offence u/s.138 of the Negotiable Instruments Act - cheques were ...


Cheques Bounced Due to Insufficient Funds: Trust or College Must Be Named in Section 138 Proceedings for Liability.

September 26, 2015

Case Laws     Indian Laws     HC

Offence u/s.138 of the Negotiable Instruments Act - cheques were returned unpaid owing to "insufficient funds" - Only when such Trust/College is arrayed as an accused, petitioner may be proceeded against on the assertion that he is incharge of and responsible to the Trust/College in the conduct of its affairs. - HC

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