https://www.taxtmi.com/caselaws?id=420634 The court dismissed the petition to quash the complaint under Section 138 of the Negotiable Instruments Act, 1881, against the petitioner. The court held that the petitioner, as the drawer of the cheque and the authorized signatory of the account, is liable for the cheque's dishonor. The court emphasized that interpreting the law to exclude authorized signatories from liability would defeat the Act's purpose and enable fraudulent practices. Consequently, the criminal original petition was dismissed, and connected miscellaneous petitions were closed. en-us Tue, 29 Mar 2022 00:00:00 +0530 Thu, 07 Apr 2022 09:59:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420634 The court dismissed the petition to quash the complaint under Section 138 of the Negotiable Instruments Act, 1881, against the petitioner. The court held that the petitioner, as the drawer of the cheque and the authorized signatory of the account, is liable for the cheque's dishonor. The court emphasized that interpreting the law to exclude authorized signatories from liability would defeat the Act's purpose and enable fraudulent practices. Consequently, the criminal original petition was dismissed, and connected miscellaneous petitions were closed. Case-Laws Indian Laws Tue, 29 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420634