https://www.taxtmi.com/caselaws?id=296054 The High Court quashed the proceedings in C.C.No.5476 of 2016 under Section 138 of the Negotiable Instrument Act. The Court found that the cheque was not dishonored due to lack of funds or payment stoppage but for further action required by the bank. Emphasizing the need to follow bank instructions before initiating legal action, the Court held that the respondent's failure to clarify with the bank before filing the complaint constituted an abuse of court process. The judgment highlighted the importance of complying with bank instructions to prevent misuse of legal remedies under Section 138. en-us Wed, 24 Jul 2019 00:00:00 +0530 Fri, 02 Jul 2021 08:56:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296054 The High Court quashed the proceedings in C.C.No.5476 of 2016 under Section 138 of the Negotiable Instrument Act. The Court found that the cheque was not dishonored due to lack of funds or payment stoppage but for further action required by the bank. Emphasizing the need to follow bank instructions before initiating legal action, the Court held that the respondent's failure to clarify with the bank before filing the complaint constituted an abuse of court process. The judgment highlighted the importance of complying with bank instructions to prevent misuse of legal remedies under Section 138. Case-Laws Indian Laws Wed, 24 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296054