Bombay High Court Dismisses Complainant's Petition and Allows Accused's Petition in Cheque Dishonour Case — Held That Complaint Under Section 138 of Negotiable Instruments Act, 1881 Must Be Filed by Payee or Holder in Due Course, Not by Third Party Without Authority. The Court Quashed Process Against Directors Due to Lack of Specific Averments of Their Role in Conduct of Business Under Section 141 of the Act.
29 Apr 2011The judgment arises from two petitions concerning Criminal Case No.290/SS/2008 pending before the Metropolitan Magistrate, 58th Court at Bandra, relat...
