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Indian Laws - Highlights / Catch Notes

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Dishonour of Cheque - interference with the order of acquittal ...


Managing Directors Liable for Cheque Dishonor if Issued Personally, Affecting Acquittal Orders in Such Cases.

September 28, 2023

Case Laws     Indian Laws     HC

Dishonour of Cheque - interference with the order of acquittal of the accused - If the Managing Director or Joint Director of the company takes personal responsibility to discharge the debt or liability which the company owed and issued cheque in his/their capacity, the said person is solely liable as drawer of the cheque - HC

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