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Indian Laws - Highlights / Catch Notes

Home Highlights June 2022 Year 2022 This

Dishonor of Cheque - signing of cheque jointly - vicarious ...

Indian Laws

June 27, 2022

Dishonor of Cheque - signing of cheque jointly - vicarious liability u/s 141 of NI Act - True it is that in the case at hand, cheque in question has been signed by petitioners alongwith the main respondent/accused, but once there is no liability if any of these persons towards complainant, they otherwise cannot be held liable for issuance of cheque, which ultimately came to be dishonoured on account of insufficient funds. - HC

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