Person Who is Not Director of the Company on the Date of Issuance of Cheque is Not Liable U/Sec 138 NI Act: Karnataka HC

Recently, The Karnataka HC ruled that Any person who is not director of the company on the date of issuance of the cheque is not liable under Section 138 of the Negotiable Instruments Act. The bench of Justice Hemant Chandangoudar was dealing with a case where a private complaint was filed under Section 200 of

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