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Indian Laws - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

Prosecution of the 'Karta' of HUF when cheque issued by the HUF ...


Hindu Undivided Family not considered a "company" u/s 141 of Negotiable Instruments Act; Karta can be prosecuted.

February 22, 2017

Case Laws     Indian Laws     HC

Prosecution of the 'Karta' of HUF when cheque issued by the HUF got dishonored - whether an H.U.F. will constitute an “association of individuals” according to the term “company” as explained in Section 141 of the N.I. Act - Held No - HUF cannot be treated as legal entity as AOP - KARTA can be prosecuted - HC

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