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    <title>2005 (2) TMI 900 - KERALA HIGH COURT</title>
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    <description>In cheque dishonour cases involving a company, statutory notice under proviso (b) to section 138 is required only to the company as the drawer; persons prosecuted vicariously under section 141 are not entitled to separate notice because notice to the company serves the object of giving the drawer an opportunity to pay and avoid prosecution. On sentence, the substantive imprisonment imposed on the signatory-directors was found excessive in the facts, so it was reduced to imprisonment till rising of the court while compensation to the complainant was retained and enhanced with a default imprisonment clause.</description>
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    <pubDate>Mon, 14 Feb 2005 00:00:00 +0530</pubDate>
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      <title>2005 (2) TMI 900 - KERALA HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=295570</link>
      <description>In cheque dishonour cases involving a company, statutory notice under proviso (b) to section 138 is required only to the company as the drawer; persons prosecuted vicariously under section 141 are not entitled to separate notice because notice to the company serves the object of giving the drawer an opportunity to pay and avoid prosecution. On sentence, the substantive imprisonment imposed on the signatory-directors was found excessive in the facts, so it was reduced to imprisonment till rising of the court while compensation to the complainant was retained and enhanced with a default imprisonment clause.</description>
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      <pubDate>Mon, 14 Feb 2005 00:00:00 +0530</pubDate>
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