[Cheque Bounce Case] SC Issues Fresh Guidelines- New Synopsis Format Mandatory For Filing 138 NI Act Case, Modifies Compounding Norms

The Supreme Court of India has overturned a Bombay High Court judgment that had acquitted an individual in a cheque dishonour case under Section 138 of the Negotiable Instruments Act, 1881 (NI Act). A bench comprising Justices Manmohan and N.V. Anjaria held that once the execution of a cheque is admitted, the statutory presumptions of

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