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    <title>2002 (5) TMI 870 - KARNATAKA HIGH COURT</title>
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    <description>A complaint under Section 138 of the Negotiable Instruments Act, 1881 filed by a bank through its Manager was maintainable because a corporate payee may act only through an authorised representative. Reading Sections 141, 142, 26 and 27 together, the court held that a company or bank can prosecute when the person filing the complaint is duly authorised and competent to bind it. As the Managing Director had authorised the Manager to present the complaint, it was not treated as being filed by an incompetent person, and the challenge to cognizance and process failed.</description>
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    <pubDate>Tue, 28 May 2002 00:00:00 +0530</pubDate>
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      <title>2002 (5) TMI 870 - KARNATAKA HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=196150</link>
      <description>A complaint under Section 138 of the Negotiable Instruments Act, 1881 filed by a bank through its Manager was maintainable because a corporate payee may act only through an authorised representative. Reading Sections 141, 142, 26 and 27 together, the court held that a company or bank can prosecute when the person filing the complaint is duly authorised and competent to bind it. As the Managing Director had authorised the Manager to present the complaint, it was not treated as being filed by an incompetent person, and the challenge to cognizance and process failed.</description>
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      <pubDate>Tue, 28 May 2002 00:00:00 +0530</pubDate>
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