https://www.taxtmi.com/caselaws?id=431116 The court allowed the petition in part, setting aside the complaint and summoning order against the private limited company but maintaining them against the sole proprietor. The court clarified that the cheques were drawn on the account of the proprietorship concern, making only the proprietor liable, not the private limited company or its director. The court emphasized that Section 141 of the Negotiable Instruments Act applies to companies, not proprietorship concerns, and upheld the presumption of a legally enforceable debt under Sections 118 and 139 of the Act. en-us Thu, 01 Dec 2022 00:00:00 +0530 Tue, 06 Dec 2022 21:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431116 The court allowed the petition in part, setting aside the complaint and summoning order against the private limited company but maintaining them against the sole proprietor. The court clarified that the cheques were drawn on the account of the proprietorship concern, making only the proprietor liable, not the private limited company or its director. The court emphasized that Section 141 of the Negotiable Instruments Act applies to companies, not proprietorship concerns, and upheld the presumption of a legally enforceable debt under Sections 118 and 139 of the Act. Case-Laws Indian Laws Thu, 01 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431116