Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
Insolvency moratorium does not shield company officers from cheque dishonour prosecution for liability arising before corporate insolvency proceedings...
Advance-ruling mechanism governs pending GST classification, exemption and taxability disputes, limiting writ review once the specialised forum functi...
Dishonor of Cheque - The accused account is at Vijaya Bank and the accused Bank has given endorsement of memo directly to the Manager of the complainant's Bank i.e., Karur Vysya Bank for dishonor of cheque due to insufficient funds. Therefore, the Karur Vysya Bank has given the said endorsement to the complainant for having dishonored the cheque. Therefore, there is no need for the complainant Bank to issue one more memo for dishonor of the cheque presented by the complainant. The Bank memo or letter issued by the Vijaya Bank of the accused is sufficient to show that the cheque has been dishonored for the reason 'insufficient funds'. - HC
Dishonor of Cheque - The accused account is at Vijaya Bank and the accused Bank has given endorsement of memo directly to the Manager of the complainant's Bank i.e., Karur Vysya Bank for dishonor of cheque due to insufficient funds. Therefore, the Karur Vysya Bank has given the said endorsement to the complainant for having dishonored the cheque. Therefore, there is no need for the complainant Bank to issue one more memo for dishonor of the cheque presented by the complainant. The Bank memo or letter issued by the Vijaya Bank of the accused is sufficient to show that the cheque has been dishonored for the reason 'insufficient funds'. - HC
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4826 
Join Channel 
