https://www.taxtmi.com/caselaws?id=405109 The court upheld the lower court's judgment, determining that only the company could be considered the drawer of the dishonored cheque, not the Managing Director individually. As the appellant could not prove any debt owed by the company, the appeal was dismissed, affirming the lower court's decision. The court emphasized that liability under Section 138 of the Negotiable Instruments Act rests on the drawer of the cheque, whether an individual or a corporate entity. en-us Wed, 03 Mar 2021 00:00:00 +0530 Thu, 11 Mar 2021 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405109 The court upheld the lower court's judgment, determining that only the company could be considered the drawer of the dishonored cheque, not the Managing Director individually. As the appellant could not prove any debt owed by the company, the appeal was dismissed, affirming the lower court's decision. The court emphasized that liability under Section 138 of the Negotiable Instruments Act rests on the drawer of the cheque, whether an individual or a corporate entity. Case-Laws Indian Laws Wed, 03 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405109