![Cheque “Drawer” does not Include Authorised Signatory of Company u/s 143A of NI Act: Bombay HC directs not to Pay Interim Compensation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Cheque-Drawer-Authorised-Signatory-of-Company-NI-Act-Bombay-Highcourt-Interim-Compensation-taxscan.jpg "Cheque “Drawer” does not Include Authorised Signatory of Company u/s 143A of NI Act: Bombay HC directs not to Pay Interim Compensation [Read Order]")
Cheque “Drawer” does not Include Authorised Signatory of Company u/s 143A of NI Act: Bombay HC directs not to Pay Interim Compensation [Read Order]
In a case involving a dishonoured cheques, the Bombay High Court, presided over by Justice Amit Bokkar, recently ruled that an authorised signatory...
![Complainant does not have Financial Capacity: Supreme Court acquits S.138 NI Act accused based on ITRs of Complainant [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Supreme-Court-NI-Act-accused-ITRs-Income-Tax-Returns-ITRs-of-Complainant-taxscan.jpg "Complainant does not have Financial Capacity: Supreme Court acquits S.138 NI Act accused based on ITRs of Complainant [Read Order]")
![Violation of 269SS does not nullify Transaction in S.138 NI Act Case, but constitutes a Separate Offence under IT Act: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Violation-of-269SS-Transaction-in-S.138-NI-Act-Case-Offence-under-IT-Act-Karnataka-HighCourt-taxscan.jpg "Violation of 269SS does not nullify Transaction in S.138 NI Act Case, but constitutes a Separate Offence under IT Act: Karnataka HC [Read Order]")
![High Court is solely empowered to hear appeal against acquittal Cheque Bounce case: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/appeal-Cheque-Bounce-case-Calcutta-HC.jpg "High Court is solely empowered to hear appeal against acquittal Cheque Bounce case: Calcutta HC [Read Order]")
![Violation of 269SS of Income Tax Act is a Separate Offence, Proceedings for Cheque Dishonour u/s 138 NI Act cannot be Disturbed: Delhi Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Violation-of-269SS-of-Income-Tax-Act-Proceedings-for-Cheque-Dishonour-us-138-NI-Act-Delhi-Court-Taxscan.jpg "Violation of 269SS of Income Tax Act is a Separate Offence, Proceedings for Cheque Dishonour u/s 138 NI Act cannot be Disturbed: Delhi Court [Read Order]")
![Interim Compensation in Cheque Default Cases is not Mandatory: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Interim-Compensation-Cheque-Default-Cases-Bombay-HC-taxscan.jpg "Interim Compensation in Cheque Default Cases is not Mandatory: Bombay HC [Read Order]")
Vicarious Liability under Negotiable Instruments Act arises only to the person who was in Charge of Business while the Offence committed: Supreme Court sets aside Order of Conviction [Read Judgment]
The Supreme Court has quashed the Chhattisgarh High Court order as the vicarious liability under the Negotiable Instrument Act arises only to the person who was in charge of business while the...
Moratorium under IBC applies to Corporate Debtor Only: Supreme Court upholds NI Act Proceedings against Company Director [Read Judgment]
A three-judge bench of the Supreme Court comprising Justices UU Lalit, S. Ravindra Bhat, and PS Narasimha has reiterated that the moratorium provisions contained in Section 14 of the Insolvency and...
![Moratorium under IBC applies to Corporate Debtor Only: Supreme Court upholds NI Act Proceedings against Company Director [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/05/Moratorium-Corporate-Debtor-Supreme-Court-NI-Act-Proceedings-Company-Director-taxscan.jpeg "Moratorium under IBC applies to Corporate Debtor Only: Supreme Court upholds NI Act Proceedings against Company Director [Read Judgment]")
A Director not involved in Day-to-Day Affairs of Company cannot be Prosecuted for Cheque Bounce Cases: Allahabad HC [Read Order]
The Allahabad High Court has held that a director, who is not involved in the day to day affairs of a company, cannot be prosecuted for the offence under section 138 (Dishonour of cheque for...
If Amount written on Instrument is ‘absurd’, it can’t be called ‘Cheque’, doesn’t attract any legal consequence: Delhi Court
The Patiala House court Delhi held that the cheque is invalid on the face of it because of uncertainty as to the amount written in words. If the amount written on the Instrument is ‘absurd’, it can...
