The Bombay High Court has ruled that a company’s authorised signatory who signs a cheque on behalf of the company is not a ‘drawer’ of the cheque therefore, such a signatory is not liable to pay interim compensation u.s 143A of the NI Act of 1881 in a cheque dishonour case. As per the Bench
To Read More Please Subscribe to VIP Membership for Unlimited Access to All the Articles, Download Available Copies of Judgments/Order, Acess to Central/State Bare Acts, Advertisement Free Content, Access to More than 4000 Legal Drafts( Readymade Editable Formats of Suits, Petitions, Writs, Legal Notices, Divorce Petitions, 138 Notices, Bail Applications etc.) in Hindi and English.
