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Negotiable Instruments Act (NI Act)

Magistrate Cannot Take Cognizance of Belated Cheque Dishonour Complaint Without First Condoning Delay: SC [Read Judgment]
Judiciary
Magistrate Cannot Take Cognizance of Belated Cheque Dishonour Complaint Without First Condoning Delay: SC [Read Judgment]

Supreme Court rules magistrates must condone delay before taking cognizance of belated cheque dishonour complaints under the NI Act.

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Filmmaker Rajkumar Santoshi Gets Extension to Deposit Balance Amount in Cheque Bounce Cases; Allowed to Travel Abroad [Read Order] CelebStreet
Filmmaker Rajkumar Santoshi Gets Extension to Deposit Balance Amount in Cheque Bounce Cases; Allowed to Travel Abroad [Read Order]

Gujarat High Court extends deadline for filmmaker Rajkumar Santoshi to deposit balance in cheque bounce cases, suspends travel bar for Lahore 1947 promotions.

Statutory Presumption Under Section 139 NI Act Cannot Be Rebutted Through Pre-Trial Enquiry Under Section 482 CrPC: SC [Read Judgment] Judiciary
Statutory Presumption Under Section 139 NI Act Cannot Be Rebutted Through Pre-Trial Enquiry Under Section 482 CrPC: SC [Read Judgment]

Supreme Court rules that Section 139 NI Act presumption cannot be rebutted through pre-trial enquiry under Section 482 CrPC; trial evidence required.

Inherent Powers Cannot Be Invoked to Quash Conviction at Post-Revisional Stage; Compounding After Final Order Not Permissible: Kerala HC [Read Order] Judiciary
Inherent Powers Cannot Be Invoked to Quash Conviction at Post-Revisional Stage; Compounding After Final Order Not Permissible: Kerala HC [Read Order]

Kerala High Court rules inherent powers under BNSS cannot be used to quash Section 138 NI Act conviction after revision, even if parties settle later.

Cash Debt Exceeding ₹20,000 Does Not Invalidate Cheque Dishonour Cases Under Section 138 of the NI Act: SC [Read Order] Judiciary
Cash Debt Exceeding ₹20,000 Does Not Invalidate Cheque Dishonour Cases Under Section 138 of the NI Act: SC [Read Order]

Supreme Court rules that cash loans above ₹20,000 do not invalidate cheque dishonour cases under Section 138 of the NI Act despite I-T Act violations.

SC Slams Appellate Court for Jailing Woman Over Repeated Lawyer Changes in Cheque Bounce Appeal [Read Order]

Supreme Court grants interim bail to a woman jailed by an appellate court for changing lawyers in a cheque bounce appeal, calling the court’s approach unjustified.

SC Rules Damodar S. Prabhu Not Binding; Sets Aside Cost Imposed in NI Act Settlement Case [Read Order]

Supreme Court sets aside cost imposed in NI Act case, holding that Damodar S. Prabhu is not a binding precedent and cannot be applied mechanically to settlements.

Accused Can Rebut Presumption Of Debt U/S 139 NI Act By Showing Probable Circumstances: Kerala HC [Read Judgment]

Kerala High Court rules that an accused can rebut the presumption under Section 139 NI Act by proving absence of debt through probable circumstances.

Conviction U/S 138 NI Act Cannot Be Ground To Stop Pension: Madras High Court [Read Order]

Madras HC rules conviction under Section 138 NI Act is not moral turpitude and cannot justify stopping pension of retired employee; directs release of dues.

Karnataka HC Holds Passport Details Personal, Exempts Disclosure Under RTI Act [Read Order]

Karnataka HC rules passport details of accused are personal and exempt from disclosure under RTI, allowing access only through court process in cheque-bounce case.

SC Quashes Cheque Dishonour Complaint Filed 5 Days Late, Rules 30-Day Limit Under NI Act is Mandatory [Read Order]

SC quashes cheque dishonour complaint filed 5 days late, rules 30-day limit under NI Act is mandatory and delay needs proper condonation process.

Absence of cheque, bank transfer or receipt won't always negate cash transaction: SC [Read Order]

Absence of cheque, transfer or receipt doesn’t negate cash deal; promissory note & oral statement can establish enforceable debt: SC

Company in moratorium under IBC; director can't be prosecuted for cheque dishonour: SC [Read Judgment]

Director can’t be prosecuted for cheque bounce if company is under moratorium under IBC, as management shifts to IRP, limiting repayment capacity: SC

Rajasthan High Court upholds remedy for premature cheque bounce complaints, emphasises ‘Ubi Jus Ibi Remedium’ [Read Order]

Rajasthan High Court upholds remedy for premature cheque bounce complaints, emphasizing “Ubi Jus Ibi Remedium” and ensuring no complainant is left remediless.

Ares Management-Backed ACRE Issues Unqualified Apology to IIFL Finance Directors to Avoid Contempt

ACRE, backed by Ares Management, issues an unconditional apology to IIFL Finance directors to avoid contempt over breach of undertaking in a legal dispute.

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