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Indian Laws - Highlights / Catch Notes

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Dishonour of cheque - vicarious liability not applicable - ...


Cheque dishonour: Proprietor/signatory liable, not others. Petitioner neither, so complaint dismissed.

Case Laws     Indian Laws

July 10, 2024

Dishonour of cheque - vicarious liability not applicable - proprietorship concern - proprietor or signatory liable u/s 138 NI Act, not others - petitioner neither proprietor nor signatory - complaint against petitioner unsustainable - petition quashed - HC.

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