https://www.taxtmi.com/caselaws?id=287980 The High Court held that the complaints and summoning orders under Sections 138, 141, and 142 of the Negotiable Instruments Act were not maintainable due to the National Company Law Tribunal (NCLT) order blocking the accused's bank account, which resulted in the accused lacking control over the account. The court emphasized the requirement of the account being "maintained" by the account holder for prosecution under Section 138 of the NI Act. Consequently, the court quashed the criminal complaints and summoning orders, allowing the petitions and terminating the proceedings stemming from the complaints. en-us Mon, 01 Jul 2019 00:00:00 +0530 Wed, 13 May 2020 09:50:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287980 The High Court held that the complaints and summoning orders under Sections 138, 141, and 142 of the Negotiable Instruments Act were not maintainable due to the National Company Law Tribunal (NCLT) order blocking the accused's bank account, which resulted in the accused lacking control over the account. The court emphasized the requirement of the account being "maintained" by the account holder for prosecution under Section 138 of the NI Act. Consequently, the court quashed the criminal complaints and summoning orders, allowing the petitions and terminating the proceedings stemming from the complaints. Case-Laws Indian Laws Mon, 01 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287980