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Indian Laws - Highlights / Catch Notes

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Dishonour of Cheque - in view of the moratorium, the cheques ...


High Court Quashes Summoning Order: Cheque Dishonor Due to Moratorium and IRP Letter Invalidates Cashing.

June 14, 2023

Case Laws     Indian Laws     HC

Dishonour of Cheque - in view of the moratorium, the cheques were incapable of encashment - prior to presentation of cheques, not only the mortarium kicked in but the IRP had also sent the effective letter. As a result, the cheques became incapable of encashment. - The petition is allowed and the summoning order is quashed. - HC

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