Recently, the Karnataka HC ruled that change in office holders of the company does not affect its liability to repay cheque amount. The bench of Justice M. Nagaprasanna was dealing with the appeal challenging the instituted for offences punishable under Section 138 of the Negotiable Instruments Act 1881. In this case, The Company in the
Cheque Bounce- Change in Office Holders of Company Does Not Affect Its Liability to Repay Cheque Amount: Karnataka HC
