https://www.taxtmi.com/caselaws?id=357431 The Court upheld the maintainability of a complaint filed under section 138 of the Negotiable Instruments Act, 1881, despite the drawer and drawee of the cheques being the same. It ruled in favor of the respondent, a Bank, stating that as a 'holder in due course', the Bank had the right to file the complaint as the cheques were dishonored during loan repayment. The Court emphasized that the Bank's position as a 'holder in due course' was valid, dismissing the petition and directing the petitioners to face trial under Section 138 of the NI Act. en-us Tue, 20 Feb 2018 00:00:00 +0530 Fri, 23 Mar 2018 07:12:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357431 The Court upheld the maintainability of a complaint filed under section 138 of the Negotiable Instruments Act, 1881, despite the drawer and drawee of the cheques being the same. It ruled in favor of the respondent, a Bank, stating that as a 'holder in due course', the Bank had the right to file the complaint as the cheques were dishonored during loan repayment. The Court emphasized that the Bank's position as a 'holder in due course' was valid, dismissing the petition and directing the petitioners to face trial under Section 138 of the NI Act. Case-Laws Indian Laws Tue, 20 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357431