https://www.taxtmi.com/caselaws?id=424193 The Court refrained from making observations on pre-induction liability in a partnership case where partners faced a complaint under Section 138 of the Negotiable Instruments Act for a firm's pre-existing liability. The Court dismissed the petition seeking to quash the complaint under Section 482 of the CrPC, emphasizing the Trial Court's jurisdiction to decide the liability issue based on the timing of the cheque in relation to the partners' induction. The judgment clarified the distinction between the cause of action in the complaint and the applicability of Section 31(2) of the Indian Partnership Act, 1932, directing the matter for trial court adjudication. en-us Thu, 16 Jun 2022 00:00:00 +0530 Fri, 24 Jun 2022 07:58:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424193 The Court refrained from making observations on pre-induction liability in a partnership case where partners faced a complaint under Section 138 of the Negotiable Instruments Act for a firm's pre-existing liability. The Court dismissed the petition seeking to quash the complaint under Section 482 of the CrPC, emphasizing the Trial Court's jurisdiction to decide the liability issue based on the timing of the cheque in relation to the partners' induction. The judgment clarified the distinction between the cause of action in the complaint and the applicability of Section 31(2) of the Indian Partnership Act, 1932, directing the matter for trial court adjudication. Case-Laws Indian Laws Thu, 16 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424193