Complaint Under Section 138 NI Act Not Maintainable by Third Party; Must be Filed by Payee or Holder in Due Course: Allahabad High Court

The Allahabad High Court has held that a complaint under Section 138 of the Negotiable Instruments Act, 1881 (NI Act) is not maintainable if it is filed by a third party in their own name, unless they qualify as a holder in due course or act merely as an authorized representative of the payee. The

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