Cheque Dishonour and Partnership Liability: Supreme Court Clarifies Criminal Prosecution under Section 138 NI Act
In a judgement of significant relevance to commercial and criminal law practice, the Supreme Court in Dhanasingh Prabhu v. Chandrasekar & Anr., has clarified the maintainability of a complaint under Section 138 of the Negotiable Instruments Act, 1881 (NI Act) where only individual partners of a firm are arrayed as accused, while the partnership firm […]
