Director can’t be prosecuted for cheque bounce if company is under moratorium under IBC, as management shifts to IRP, limiting repayment capacity: SC
Read Full ArticleRajasthan 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.
The Punjab and Haryana High Court ruled that bribe payments do not constitute legally enforceable liabilities under the Negotiable Instruments Act, 1881.
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.
![Company in moratorium under IBC; director can't be prosecuted for cheque dishonour: SC [Read Judgment]](/secure/uploads/2025/03/lj_5797_Company_in_moratorium_under.webp)
![Rajasthan High Court upholds remedy for premature cheque bounce complaints, emphasises ‘Ubi Jus Ibi Remedium’ [Read Order]](/secure/uploads/2025/01/lj_2033_Rajasthan_HC_Upholds_Remedy_for_Premature_Cheque_Bounce_Complaints.jpg)
![Cheque issued for bribe payment not enforceable under NI Act: Punjab and Haryana HC [Read Order]](/secure/uploads/2024/10/lj_8263_WhatsApp_Image_2024-10-24_at_1.27.53_PM.webp)
![No liability under NI Act for dishonoured cheques of merged banks presented after validity period [Read Order]](/secure/uploads/2024/06/lj_5281_b5065ce9-83b4-4ec3-91b9-23e39a4cc06e.webp)
![Demand Notice via courier valid in cheque bounce cases: Allahabad High Court [Read Order]](/secure/uploads/2024/05/lj_1520_7e3a38a2-bb14-4409-b3a2-3eb8c354c0ae.webp)
![Can't make it mandatory for accused in cheque dishonour case to pay interim compensation: SC [Read Judgment]](/secure/uploads/2024/03/lj_9384_a76ce58a-8cc2-4e63-9d34-85040558a0f8.webp)
