The Madhya Pradesh High Court has ruled that a cheque marked with the endorsement “Not Negotiable” does not fall outside the ambit of Section 138 of the Negotiable Instruments Act, 1881. Justice Himanshu Joshi, presiding over the Jabalpur bench, dismissed a petition filed by a drawer who sought to quash proceedings on the grounds that
Endorsement of ‘Not Negotiable’ on a Cheque Does Not Oust Jurisdiction Under Section 138 NI Act: Madhya Pradesh High Court
