Proceedings u/s 138 of NI Act are quasi criminal in nature: SC

The Supreme Court has observed that criminal proceedings for the dishonour of cheque u/s 138 of Negotiable Instruments Act are quasi-criminal in nature. The Court also stated that proceedings u.s 138 can be termed civil sheep in a wolf’s clothing. A three-judge Bench made the above-mentioned observations while deciding whether moratorium declared u/s 14 of

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