Indian Renewable Energy Development Agency Limited and said that no offence under section 138 NI Act is attracted since on the date of the cheque, liability of the amount of the cheque was not actually due to the complainant. The court thus discharged the accused.
5/29/2018 · Accused charged under Section 138 NI Act, 1881, acquitted in light of “no evidence”. Madras High Court: In a Single Judge Bench decision comprising of P. Kalaiyarasan, J.
accused was acquitted of the charges under Section 138 of Negotiable Instruments Act, 1881, confirming the decision of the first appellate court.
3/22/2018 · The petitioner was prosecuted for offence punishable under Section 138 of Negotiable Instruments Act, 1881. The complainant alleged that the accused took a hand loan from him and issued cheques in lieu thereof. However, when the said cheques were presented in the bank, they were dishonoured and returned with a memo marked ‘insufficient funds’.
11/1/2020 · Section 138 of the NI Act makes a person criminally liable for fine or imprisonment or both to the person who has issued the cheque. The section imposes both criminal and civil liability. The offence under Section 138 is a non-cognizable & bailable offence and the sentence can be punishment up to two years or fine which can be extended to twice the.
7/11/2014 · in C.C. No. 77/2006 dated 11.06.2009 in acquitting the. accused for the offence punishable under Section 138 of. Negotiable Instruments Act. 2. Being aggrieved by the said Judgment and Order. passed by the Trial Court, the complainant approached. this Court seeking indulgence of this Court to reverse.
6/5/2020 · Rahul Sharma, acquitted the accused in a cheque bounce matter, where the complainant had falsely tried to entangle the accused in a case. Judgment to this effect was passed on February 17, 2020. … 2016, under section 138 NI act , and in her evidence by way of affidavit, the complainant had said that the Will was executed by her ex-father-in …
4/9/2019 · Section 138 NI Act: Complainant Bound To Explain His Financial Capacity When It Is Questioned By The Accused: SC [Read Judgment] Ashok Kini 9 April 2019 2:01 PM GMT, The respondent has filed the aforesaid complaint u/s 138 of Negotiable Instrument Act (hereinafter referred as NI Act) against the revisionist. Vide order dated 28.06.2019, Ld. MM has allowed the application u/s 143A NI Act and directed the revisionist to pay to the respondent/complainant 20% of the cheque amount as interim compensation to.
Trial Stages in Cheque Bounce case under Section 138 of Negotiable Instruments Act 1881 . Trial in Cheque Bounce Case. If the cheque presented for clearing is bounced from bank due to insufficient fund or any other reasons, demand notice to the person issued the cheque for payment should be send within 30 days from the date of bouncing cheque.
1/5/2019 · Section 138 of the Negotiable Instruments Act defines the offence of cheque dishonour. There are many necessary ingredients of this offence (read my article for more details on this), which must be satisfied for conviction for this offence.If any of the necessary ingredients is not satisfied, then the accused cannot be convicted and it may lead to his acquittal.
