TMI BlogDishonor of Cheque - Insufficient Funds - Since, the drawer of the cheque was the accused Company,...Dishonor of Cheque - Insufficient Funds - Since, the drawer of the cheque was the accused Company, solely on the ground that the respondent had signed the cheque, a liability under Section 138 of the NI Act did not arise against him. The complaint was prima facie not maintainable against the Company as drawer of the cheque, the liability towards the respondent also did not arise keeping in view that respondent was acting on behalf of the Company and where the liability against the Company had be..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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