From Solvency to Insolvency: Dishonored Cheque Dilemma
Last updated: 22 June 2023
Court :
Supreme Court of India
Brief :
Cheque issued at the time ,when company not became sick , but at the time of payment the company became sick and cheque had been dishonoured. The directors of the Company are liable and be prosecuted under provisions of Section 138 of the Negotiable Instruments Act, 1881.
Citation :
APPEAL (CRL.) 212-216 OF 2000
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FCS Deepak Pratap Singh
Published in Corporate Law
Views : 371
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