Authorised Signatory Of Company Is Not Drawer Of Cheque And Is Not Liable To Interim Compensation In Terms Of Section 143A NI Act: Bombay HC

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

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