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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...
The Kerala High Court has held that a person commits the offence of cheating under Sections 415, 417 and 420 IPC when he issues a cheque to another person for discharging his pecuniary liabilities...
The Punjab & Haryana High Court has ruled that a spouse will not be liable for dishonor of a cheque signed by the other spouse, merely because it was drawn on the couple's joint account.The...
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
The High Court, citing Bir Singh v. Mukesh Kumar, held that a voluntarily signed blank cheque also attracts the presumption under Section 139 of the NI Act unless cogent evidence proves otherwise.