Cheque dishonor Archives

IBC Moratorium Not a Safe Harbour Against Section 138 NI Act Prosecution; Directors Can’t Escape Cheque Dishonour Liability: Punjab and Haryana HC

The High Court object of the moratorium is merely to postpone civil debt enforcement and not to shield an accused from criminal accountability arising out of dishonour of cheques.

cheque number mandatory demand notice Section 138 NI Act

Case Briefs High Courts

Gauhati HC: No Cheque Number? Demand Notice Invalid Under Section 138 NI Act

“Cheque number is the most essential part of the demand notice filed under Section 138 NI Act for insufficient funds. Without it, notice falls short of legal requirement.”

Case Briefs Supreme Court

Appellate Deposit under Section 148 NI Act: Whether can be directed against Convicted Director or Confined to Juristic Drawer? Supreme Court Larger Bench to Decide

Section 148 NI Act was introduced to remedy the systemic abuse of appellate processes, whereby convicted drawers routinely secured suspension of sentence and delayed payment of compensation for years, thereby frustrating the object of Section 138 of NI Act.