Cheque Dishonour Even Due to ‘Account Frozen’ Constitutes an Offence Under Section 138 of NI Act: JKL HC

In a significant ruling, the Jammu & Kashmir and Ladakh High Court at Srinagar, presided by Justice Rajnesh Oswal, has held that a complaint under Section 138 of the Negotiable Instruments Act, 1881, is maintainable even when a cheque is dishonoured due to the account being frozen. The court overturned the earlier decision of the

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READ ALSO  Cheque Bounce: 138 NI Act will be Attracted even if the Dishonoured Cheque was issued as Security: SC
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