Tag Archives: 142

NI complaint to be filed after 15 days from date of receipt of notice: SC

In an important decision, the Supreme Court of India clarified that no complaint can be filed against the drawer of a cheque unless the period of 15 days has elapsed from the date of receipt of the notice of payment … Continue reading

Posted in Banking Law, Company Law, Criminal Law, Negotiable Instruments Act | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Arraignment of a Company imperative under Negotiable Instruments Act: SC

The Supreme Court of India clarified that for maintaining the prosecution under Section 141 of the Negotiable Instruments Act, arraigning of a Company as an accused is imperative. The Court also said the other categories of offenders like director or … Continue reading

Posted in Criminal Law, General Law, Negotiable Instruments Act | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment