https://www.taxtmi.com/caselaws?id=301687 The High Court dismissed the appeal against the respondent's acquittal in a case under Section 138 of the Negotiable Instruments Act. The Court emphasized that the mandate holder, not being the drawer of the cheque, was not personally liable for the debt. It highlighted that the liability rests with the drawer, in this case, the company, and not the mandate holder. The appeal was dismissed as it failed to establish liability on the proper account holder, leading to the confirmation of the respondent's acquittal. en-us Fri, 24 Jun 2005 00:00:00 +0530 Fri, 15 Apr 2022 13:11:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301687 The High Court dismissed the appeal against the respondent's acquittal in a case under Section 138 of the Negotiable Instruments Act. The Court emphasized that the mandate holder, not being the drawer of the cheque, was not personally liable for the debt. It highlighted that the liability rests with the drawer, in this case, the company, and not the mandate holder. The appeal was dismissed as it failed to establish liability on the proper account holder, leading to the confirmation of the respondent's acquittal. Case-Laws Indian Laws Fri, 24 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301687