Absence of cheque, transfer or receipt doesn’t negate cash deal; promissory note & oral statement can establish enforceable debt: SC
Read Full ArticleSC sets aside P&H HC order; rules 20% deposit mandatory for suspension of sentence in ₹8.65 crore cheque bounce case under NI Act.
SC: Litigants who suppress material facts must be thrown out; quashes cheque dishonour case, calls misuse of criminal law an abuse of legal process.
Rajasthan High Court upholds remedy for premature cheque bounce complaints, emphasizing “Ubi Jus Ibi Remedium” and ensuring no complainant is left remediless.
ACRE, backed by Ares Management, issues an unconditional apology to IIFL Finance directors to avoid contempt over breach of undertaking in a legal dispute.
Supreme Court allows compounding of offence in cheque dishonour case, emphasizing the priority of compensatory aspects over punitive in settlements.
Allahabad High Court rules that dishonoured cheques from merged banks presented after the validity period won't attract liability under Section 138 of the NI Act.
Allahabad HC rules demand notices via courier valid for cheque bounce cases under Section 138 NI Act, but service presumption needs registered post amendment.
The Supreme Court ruled that mandating interim compensation in cheque dishonour cases under Section 143A of the Negotiable Instruments Act is discretionary.