The HC upheld the order of the Revisional Court, declining to ...

High Court Affirms Complaint u/ss 138 and 141 of Negotiable Instruments Act; Partners Liable for Firm's Cheques.

January 9, 2025

Case Laws Indian Laws HC

The HC upheld the order of the Revisional Court, declining to quash the complaint u/ss 138/141 of the NI Act against the petitioners, who were partners of the accused-firm. While the petitioners could not be held liable for cheques issued by a partner in personal capacity, they were rightly made accused for cheques issued by the partner on behalf of the firm. The HC found no reason to exercise inherent powers u/s 482 of the Code to quash the proceedings.

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The HC upheld the order of the Revisional Court, declining to ...

High Court Affirms Complaint u/ss 138 and 141 of Negotiable Instruments Act; Partners Liable for Firm's Cheques.

January 9, 2025

Case Laws Indian Laws HC

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