Bengaluru: The Karnataka high court recently ruled that in criminal proceedings in cheque bounce cases under Section 138 of the Negotiable Instruments Act against a firm and its partners will be ...

It is mandatory that the demand in the statutory notice must be the very amount mentioned in the cheque, says the apex court ...

Excludes bank intimation date in 30-day limit, restores Rs 12 lakh repayment order In a significant ruling, the Karnataka High Court has clarified that while computing the 30-day limitation period for ...

Keep sufficient funds in your bank account until the cheque is cleared. Illustration: Uttam Ghosh/Rediff.com Cheque bounce is back in the news with three cases making the headlines. A court in ...

A recent Supreme Court ruling has plugged a longstanding loophole that often allowed defaulting partners of a firm to escape liability and evade prosecution on procedural grounds. In a judgment ...

Thane: The Thane’s Additional Chief Judicial Magistrate, A.D. Margode, has convicted businessman Nitin Tawade under Section 138 of the Negotiable Instruments Act for cheque dishonour. The court ...

Expressing concern over the pendency of “staggeringly high” number of cheque dishonour cases in district courts of major cities, the Supreme Court has issued fresh guidelines to reduce the backlog ...

Nagpur: Clarifying the interplay between insolvency and criminal liability, the Nagpur bench of Bombay high court recently ruled that insolvency proceedings under the Insolvency and Bankruptcy Code ...