News Update… Supreme Court Holds That Authorized Signatory Made Front Face of Entity Becomes Drawer of Cheque Under Section 138 NI Act 7 Jun 20267 Jun 2026 The Supreme Court has observed that when the company authorizes a particular individual to sign, issue cheques on the company's behalf, including the responsibility of making a payment, then such…
Jammu and Kashmir High Court… J&K & Ladakh HC Restores Cheque Bounce Complaint: Dismissal for Want of Prosecution Invalid at Pre-Service Stage 10 Mar 2026 The High Court of Jammu & Kashmir and Ladakh has ruled that a complaint under Section 138 of the Negotiable Instruments Act, 1881, cannot be dismissed for want of prosecution…
News Update Supreme Court Clarifies Liability of Authorized Signatory Under Negotiable Instruments Act 4 Dec 2024 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…
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