https://www.taxtmi.com/caselaws?id=775461 For dishonour proceedings arising from an electronic funds transfer, jurisdiction is governed by the statutory scheme applying Chapter XVII of the Negotiable Instruments Act, 1881 through section 25(5) of the Payment and Settlement Systems Act, 2007, together with section 142(2)(a) of the Negotiable Instruments Act, 1881. The complaint disclosed a territorial nexus with Jaipur because the transfer mandate was given for credit to the complainant's account there. The fact that the petitioner's head office and the underlying loan transaction were situated at Delhi did not justify transfer. The transfer request was therefore rejected and the proceeding was retained at Jaipur. en-us Thu, 03 Jul 2025 00:00:00 +0530 Sat, 26 Jul 2025 08:39:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775461 For dishonour proceedings arising from an electronic funds transfer, jurisdiction is governed by the statutory scheme applying Chapter XVII of the Negotiable Instruments Act, 1881 through section 25(5) of the Payment and Settlement Systems Act, 2007, together with section 142(2)(a) of the Negotiable Instruments Act, 1881. The complaint disclosed a territorial nexus with Jaipur because the transfer mandate was given for credit to the complainant's account there. The fact that the petitioner's head office and the underlying loan transaction were situated at Delhi did not justify transfer. The transfer request was therefore rejected and the proceeding was retained at Jaipur. Case-Laws Indian Laws Thu, 03 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775461