Recently, the Gauhati HC stated that, under Section 142(2) of the N.I. Act no classification of cheque, as bearer or cross cheque/account payee cheque is made, for the purpose of jurisdiction. The bench of Justice Robin Phukan observed that the learned court below has failed to withstand the test of legality, propriety and correctness. In
Sec 142(2) NI Act | No Classification of Cheque as Bearer Or Cross Cheque/Account Payee Cheque Is For the Purpose Of Jurisdiction: Gauhati HC
