Cheque Dishonor – Lawcutor

Supreme Court Overturns Cheque Dishonor Conviction After Voluntary Settlement in NI Act Case

The Supreme Court ruled that a conviction under Section 138 of the Negotiable Instruments Act, 1881 (NI Act), cannot stand once a complainant signs a compromise deed acknowledging full settlement…

Supreme Court Clarifies Liability of Authorized Signatory Under Negotiable Instruments Act

In a significant judgment, the Supreme Court clarified that an official signatory of a company cannot be deemed the "drawer of a cheque" and thus cannot be held liable to…