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Supreme Court Settles Jurisdiction Under Section 138 NI Act: Payee’s Bank Decides Venue for Account Payee Cheques
In a significant judgment bringing long-awaited clarity to cheque dishonour litigation, the Supreme Court of India has conclusively settled the law on territorial jurisdiction under Section 138 of the Negotiable Instruments Act, 1881, particularly after the 2015 Amendment
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Supreme Court Issues Guidelines under Section 138 of the Negotiable Instruments Act, 1881 – Advocate in Chandigarh High Court Explains the Latest Ruling on Cheque Dishonour Cases
Guidelines under Section 138 of the Negotiable Instruments Act, 1881 The judgment arises from the case titled “Sanjabij Tari v. Kishore S. Borcar & Anr.” heard by the Supreme Court…
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Delhi High Court: Security Cheques Issued Under MoU Do Not Constitute Offence Under Section 138 NI Act
In a significant ruling, the Delhi High Court has reiterated that cheques issued as security under a Memorandum of Understanding (MoU) cannot be treated as cheques issued towards a legally…