Bombay High Court Allows Criminal Application Against Quashing of Process in NI Act Case — Company Can Be Prosecuted Under Section 138 of Negotiable Instruments Act, 1881 Despite Being Incorporated Under Companies Act. The revisional court's reliance on Natural Sugar case was misplaced as the Supreme Court in Standard Chartered Bank and Iridium India Telecom Ltd. held that a company is liable for criminal prosecution.
16 Jul 2015The applicant, M/s Wairagade Engineering Corporation, filed a criminal complaint under Section 138 of the Negotiable Instruments Act, 1881 against M/s...




