<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>2013 (7) TMI 718 - Supreme Court</title>
    <link>https://www.taxtmi.com/caselaws?id=235560</link>
    <description>Section 138 of the Negotiable Instruments Act applies only to the drawer of the cheque, because penal liability arises from the act of drawing a cheque on an account maintained by that person and must be strictly established. Criminal liability cannot be extended by implication, and vicarious liability is limited to the situations expressly covered by Section 141. Where a cheque drawn on a joint account is signed by only one account holder, the other joint holder who neither signed nor drew the cheque does not fall within Section 138 and cannot be prosecuted.</description>
    <language>en-us</language>
    <pubDate>Mon, 01 Jul 2013 00:00:00 +0530</pubDate>
    <lastBuildDate>Fri, 31 Aug 2018 17:57:00 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=197970" rel="self" type="application/rss+xml"/>
    <item>
      <title>2013 (7) TMI 718 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=235560</link>
      <description>Section 138 of the Negotiable Instruments Act applies only to the drawer of the cheque, because penal liability arises from the act of drawing a cheque on an account maintained by that person and must be strictly established. Criminal liability cannot be extended by implication, and vicarious liability is limited to the situations expressly covered by Section 141. Where a cheque drawn on a joint account is signed by only one account holder, the other joint holder who neither signed nor drew the cheque does not fall within Section 138 and cannot be prosecuted.</description>
      <category>Case-Laws</category>
      <law>Companies Law</law>
      <pubDate>Mon, 01 Jul 2013 00:00:00 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/caselaws?id=235560</guid>
    </item>
  </channel>
</rss>