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Companies Law - Highlights / Catch Notes

Home Highlights June 2012 Year 2012 This

Nature of proceedings under NI Act - Proceedings under section ...


Section 138 NI Act Proceedings Are Penal, Not Civil, Focused on Penalizing Cheque Dishonor, Not Just Recovery.

June 22, 2012

Case Laws     Companies Law     SC

Nature of proceedings under NI Act - Proceedings under section 138 of the Act cannot be treated as civil suits for recovery of the cheque amount with interest. - SC

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