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S. 148 NI Act - Appellate Court Must Pass A Speaking Order To Order Deposit Of Minimum 20 % Compensation/Fine Amount: Kerala High Court

The Kerala High Court observed that the appellate court has to pass a speaking order by applying its mind for ordering deposit of minimum 20% compensation/fine amount under Section 148 of Negotiable...
M Shaju Purushothaman Jamboo Bhandari Justicep Vkunhikrishnan Class Magistrate Court High Court Apex Court
Source: livelaw.in

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Dishonor Of Cheque Given As Security Attracts Section 138 NI Act, Cases of 'Account Closed' And 'Payment Stopped' Also Covered: Delhi HC

The Delhi High Court recently observed that dishonor of a cheque given as security attracts Section 138 of the Negotiable Instruments Act (“NI Act”) and cases where cheques are dishonored for...
Justice Bhatnagar Yogendra Kumar Verma Justice Rajnish Bhatnagar Payal Malhotra Trial Court Court Under Section
Source: livelaw.in

Director not vicariously liable under Section 138 NI Act for cheque bouncing if company acquitted: Kerala High Court

The Kerala High Court held that when a company is not convicted for the offence of cheque bouncing under Section 138 of the Negotiable Instruments Act, its Directors cannot be held vicariously liable for the same offence
Managing Director Kerala High Court Kerala Hc Kerala High Court News Kerala Hc News Section 138 Of Negotiable Instrument Act

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