Section 138 NI Act Proceedings Are Penal, Not Civil, Focused on Penalizing Cheque Dishonor, Not Just Recovery. https://www.taxtmi.com/highlights?id=4114 Nature of proceedings under NI Act - Proceedings under section 138 of the Act cannot be treated as civil suits for recovery of the cheque amount with interest. - SC en-us Fri, 22 Jun 2012 10:54:21 +0530 Fri, 22 Jun 2012 10:54:21 +0530 TaxTMI RSS Generator Section 138 NI Act Proceedings Are Penal, Not Civil, Focused on Penalizing Cheque Dishonor, Not Just Recovery. https://www.taxtmi.com/highlights?id=4114 Nature of proceedings under NI Act - Proceedings under section 138 of the Act cannot be treated as civil suits for recovery of the cheque amount with interest. - SC Highlights Companies Law Fri, 22 Jun 2012 10:54:21 +0530 https://www.taxtmi.com/highlights?id=4114