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Companies Law - Highlights / Catch Notes

Home Highlights February 2012 Year 2012 This

Offence committed under Negotiable Instrument Act - non-payment ...


Supreme Court: Companies Act Scheme Doesn't Override Obligations Under Negotiable Instruments Act for Dishonoured Cheques.

February 22, 2012

Case Laws     Companies Law     SC

Offence committed under Negotiable Instrument Act - non-payment of debts arising out of dishonour of cheques - sanction of a scheme u/s 391 of the Companies Act, 1956 - Scheme u/s 391 of the Companies Act cannot have the effect of overriding the requirement of any law. - SC

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