Cheques from Former ‘Allahabad Bank’ Invalid After September 30, 2021; Dishonour Not an Offence Under Section 138 NI Act: Allahabad HC

In a significant ruling, the Allahabad High Court has declared that cheques issued from the erstwhile Allahabad Bank, which merged with Indian Bank, are invalid after September 30, 2021. Consequently, the dishonour of such cheques will not attract liability under Section 138 of the Negotiable Instruments Act, 1881 (N.I. Act). This decision was rendered by

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