https://www.taxtmi.com/caselaws?id=160589 Criminal liability under section 138 of the Negotiable Instruments Act arises only when the cheque is dishonoured for the statutory reasons of insufficiency of funds or the amount exceeding the bank arrangement. A cheque returned because it lacked the managing director's joint signature and the company seal did not satisfy those ingredients, so no offence under section 138 was disclosed on the complaint as pleaded. The Magistrate was therefore not justified in issuing process, and the proceedings against the accused were quashed. en-us Wed, 28 Feb 2001 00:00:00 +0530 Fri, 20 Dec 2013 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160589 Criminal liability under section 138 of the Negotiable Instruments Act arises only when the cheque is dishonoured for the statutory reasons of insufficiency of funds or the amount exceeding the bank arrangement. A cheque returned because it lacked the managing director's joint signature and the company seal did not satisfy those ingredients, so no offence under section 138 was disclosed on the complaint as pleaded. The Magistrate was therefore not justified in issuing process, and the proceedings against the accused were quashed. Case-Laws VAT and Sales Tax Wed, 28 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160589