ChequeBounceCase

Andhra Pradesh High Court
Case BriefsHigh Courts

The dispute arose from a ₹3 lakh loan allegedly given by the complainant to the accused. The cheque issued for repayment bounced due to insufficient funds.

Andhra Pradesh High Court
Case BriefsHigh Courts

Andhra Pradesh High Court quashed proceedings under Section 138 NI Act, ruling that the dishonor of a cheque issued on a State Bank of Hyderabad account, rendered invalid due to the bank’s merger with SBI and expiry of its validity in March 2018, does not attract liability under the NI Act.