Section 138 NI Act | Demand Notice Served on the Managing Director is Deemed Service on Company

The Karnataka High Court has ruled that if the legal demand notice was issued to the managing director, the company’s knowledge of the demand can be presumed and the cheque bounce case can be maintained. On September 13, 2019, a bench of Justice Patil passed a Judgement in the case titled Maxworth Realty India Ltd

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