The Delhi High Court has held that the mere fact that a cheque was drawn on the personal account of a director does not automatically absolve a company of liability under Section 138 of the Negotiable Instruments Act, 1881 (‘NI Act’) at the summoning stage. Justice Anup Jairam Bhambhani observed that if such a cheque
Cheque Drawn From Director’s Personal Account Cannot, At Summoning Stage, Rule Out Company’s Liability Under Section 138 NI Act: Delhi HC
