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    <title>2010 (8) TMI 1122 - GUJARAT HIGH COURT</title>
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    <description>Cheque-return endorsements such as &quot;no image found&quot; and &quot;drawer&#039;s signature incomplete/illegible&quot; were treated as insufficient to satisfy the statutory ingredients of Section 138 of the Negotiable Instruments Act, because the dishonour was not for insufficiency of funds. On that basis, the complaints were not maintainable on the stated dishonour grounds, and the same reasoning was applied to quash the proceedings against the petitioners, including non-signatory directors.</description>
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    <pubDate>Fri, 27 Aug 2010 00:00:00 +0530</pubDate>
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      <description>Cheque-return endorsements such as &quot;no image found&quot; and &quot;drawer&#039;s signature incomplete/illegible&quot; were treated as insufficient to satisfy the statutory ingredients of Section 138 of the Negotiable Instruments Act, because the dishonour was not for insufficiency of funds. On that basis, the complaints were not maintainable on the stated dishonour grounds, and the same reasoning was applied to quash the proceedings against the petitioners, including non-signatory directors.</description>
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