https://www.taxtmi.com/caselaws?id=349062 The court held that sending a notice of dishonour only to the Directors of the Company, rather than to the Company itself, is sufficient under Section 138 of the Negotiable Instruments Act. Additionally, it ruled that cheques issued as security towards repayment of liabilities fall under the purview of Section 138, emphasizing the significance of the cheques' purpose in determining their legal implications. The court dismissed the petition, allowing the prosecution of the cheques in case of dishonour, provided proper procedures are followed. en-us Wed, 06 Sep 2017 00:00:00 +0530 Fri, 06 Oct 2017 06:51:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349062 The court held that sending a notice of dishonour only to the Directors of the Company, rather than to the Company itself, is sufficient under Section 138 of the Negotiable Instruments Act. Additionally, it ruled that cheques issued as security towards repayment of liabilities fall under the purview of Section 138, emphasizing the significance of the cheques' purpose in determining their legal implications. The court dismissed the petition, allowing the prosecution of the cheques in case of dishonour, provided proper procedures are followed. Case-Laws Indian Laws Wed, 06 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349062