The HC upheld the order of the Revisional Court, declining to ...

Partners liable for firm's dishonoured cheques under Negotiable Instruments Act.

January 9, 2025

Case Laws Indian Laws HC

The HC upheld the order of the Revisional Court, declining to quash the complaint u/ss 138/141 of the NI Act against the petitioners, who were partners of the accused-firm. While the petitioners could not be held liable for cheques issued by a partner in personal capacity, they were rightly made accused for cheques issued by the partner on behalf of the firm. The HC found no reason to exercise inherent powers u/s 482 of the Code to quash the proceedings.

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The HC upheld the order of the Revisional Court, declining to ...

Partners liable for firm's dishonoured cheques under Negotiable Instruments Act.

January 9, 2025

Case Laws Indian Laws HC

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