Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributor...
Overlapping GST proceedings require Central and State authorities to designate one competent authority for coordinated adjudication of the same matter...
Composite healthcare supplies retain exemption when patient care is the contract's essential character, despite payment through an implementing agency...
Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
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SC held that a complaint under the Negotiable Instruments Act is maintainable against a trustee who signs a cheque that is dishonoured, without necessity to array the trust as an accused. The Court reiterated that persons occupying offices entitling them to control daily conduct-by virtue of designation-fall within s.141, NI Act, and that the signatory to a dishonoured cheque is criminally liable under s.141. The impugned judgment was quashed and the appeal allowed. The Registry was directed to obtain orders from the CJI for constitution of an appropriate Bench to decide the pending reference in the related Special Leave Petition.
SC held that a complaint under the Negotiable Instruments Act is maintainable against a trustee who signs a cheque that is dishonoured, without necessity to array the trust as an accused. The Court reiterated that persons occupying offices entitling them to control daily conduct-by virtue of designation-fall within s.141, NI Act, and that the signatory to a dishonoured cheque is criminally liable under s.141. The impugned judgment was quashed and the appeal allowed. The Registry was directed to obtain orders from the CJI for constitution of an appropriate Bench to decide the pending reference in the related Special Leave Petition.
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