Section 138 Negotiable Instruments Act 1881

S. 138 NI Act action against directors
Case BriefsHigh Courts

“It made no difference whether the NI Act proceedings were initiated prior to initiation of IBC proceeding or thereafter as it was a settled principle that natural persons could not escape from their personal liability under Section 138 of the NI Act.”

Occasional absence on court hearing dates
Case BriefsHigh Courts

“Considering the reasons mentioned by the appellant for his absence, that he was under impression that the Court clerk would give him the date for which he had requested, is a sufficient explanation to interfere in the order of dismissal for non-prosecution.”