https://www.taxtmi.com/caselaws?id=114082 The appeal was allowed in favor of the appellants as the court found the second complaint against them under Section 138 of the Negotiable Instruments Act misconceived. The court determined that the second cheque issued as part of a settlement did not create a new liability and was not in discharge of the company's debt. As the directors had already been found guilty in a previous judgment related to the initial cheques, the court held that the second complaint was not maintainable. The respondents were directed to bear the costs of the appellants. en-us Tue, 06 May 2008 00:00:00 +0530 Fri, 11 Aug 2017 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114082 The appeal was allowed in favor of the appellants as the court found the second complaint against them under Section 138 of the Negotiable Instruments Act misconceived. The court determined that the second cheque issued as part of a settlement did not create a new liability and was not in discharge of the company's debt. As the directors had already been found guilty in a previous judgment related to the initial cheques, the court held that the second complaint was not maintainable. The respondents were directed to bear the costs of the appellants. Case-Laws Companies Law Tue, 06 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114082