https://www.taxtmi.com/caselaws?id=213517 A cheque can attract liability only if it is a valid cheque within the meaning of the Negotiable Instruments Act and is drawn in accordance with the authorised mode of operation of the account. Where a company's account required joint signatures by two authorised signatories, an instrument signed by only one signatory did not satisfy the legal requirements of a valid cheque. On that basis, an essential ingredient of the offence was absent, so the complaints were correctly dismissed and leave to appeal was rightly refused. en-us Thu, 31 Mar 2011 00:00:00 +0530 Thu, 24 May 2012 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213517 A cheque can attract liability only if it is a valid cheque within the meaning of the Negotiable Instruments Act and is drawn in accordance with the authorised mode of operation of the account. Where a company's account required joint signatures by two authorised signatories, an instrument signed by only one signatory did not satisfy the legal requirements of a valid cheque. On that basis, an essential ingredient of the offence was absent, so the complaints were correctly dismissed and leave to appeal was rightly refused. Case-Laws Companies Law Thu, 31 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213517