Dishonor of Cheque - One of the most material aspects is that ...

Case Laws Indian Laws

November 15, 2021

Dishonor of Cheque - One of the most material aspects is that the signatures on the cheques were not denied. Neither was it explained by way of an alternative story as to why the duly signed cheques were handed over to the Company. There was no plea of any fraud or misrepresentation. It does, thus, appear that faced with the aforesaid position, the respondent only sought to take a technical plea arising from the format of the complaint to evade his liability. There was no requirement of a loan agreement to be executed separately as any alternative nature of transaction was never stated. - the complaint was properly instituted - SC

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Dishonor of Cheque - One of the most material aspects is that ...

Case Laws Indian Laws

November 15, 2021

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