Indian Laws - Highlights / Catch Notes
Indian Laws - Dishonour of Cheque - in view of the moratorium, the...
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