Section 138 NI Act Complete Guide | Cheque Bounce Law Explained
Watch Episode 8 of Law Made Easy by SCC Times and understand how cheque bounce becomes a criminal offence under Section 138
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Cheque Dishonour due to Frozen Account not Offence Under NI Act: Delhi High Court interprets “account maintained” under Section 138 NI Act
“Even though the cheque return memo may mention its reason for dishonor as “insufficient funds”, the fact remains that, the petitioners’ account was frozen by the CGST Department, and thus, it could not be said to be “maintained” by them.”
Andhra Pradesh High Court upholds recovery of money with interest based on promissory note; Rejects claims of forgery
The Court cannot assume that every handwriting Expert who has been duly qualified by the Government will necessarily have such special skill and knowledge that he will always give accurate opinions on one disputed point.
Andhra Pradesh High Court quashes NI Act proceedings due to invalid cheque issued from merged bank
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.