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Only Drawer Of Cheque Can Be Held Liable For An Offence Under Section 138 NI Act: Supreme Court
The Supreme Court observed that it is only the drawer of the cheque who can be held liable for an offence under Section 138 of the Negotiable...
Authorised Signatory Of Company Is Not ‘Drawer’; Cannot Be Directed To Deposit Fine Or Compensation...
The Supreme Court held that, merely because an officer of a company is authorised signatory of the cheque, he cannot be directed to deposit...
