Supreme Court clarifies “Drawer” under Section 138 NI Act in cheque dishonor case: Bijoy Kumar Moni vs Paresh Manna (2024) LEGAL ISSUE: Whether an authorized signatory of a company can be considered the “drawer” of a cheque under Section 138 of the Negotiable Instruments Act, 1881, when the cheque is drawn on the company’s account. […]
Supreme Court Clarifies Liability of Directors in Cheque Dishonor Cases Post IBC Resolution Date of the Judgment: March 15, 2023 Citation: 2023 INSC 232 Judges: Sanjay Kishan Kaul, J. and Abhay S. Oka, J. (authored by Sanjay Kishan Kaul, J.) and J.B. Pardiwala, J. (Concurring Opinion) Can a director of a company be held liable
Supreme Court clarifies the ‘legally enforceable debt’ under Section 138 of the Negotiable Instruments Act in cheque dishonor cases Date of the Judgment: 11 October 2022 Citation: (2022) INSC 497 Judges: Dr Dhananjaya Y Chandrachud, J and Hima Kohli, J Can a cheque issued as security for a loan still be valid if part of
Date of the Judgment: July 1, 2013 Citation: (2013) INSC 485 Judges: P. Sathasivam, J., Jagdish Singh Khehar, J. Can a person be held liable for a cheque bounce if they did not sign the cheque, even if it’s from a joint account? The Supreme Court of India addressed this critical question in a case
