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    <title>2026 (9) TMI 539 - CALCUTTA HIGH COURT</title>
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    <description>Section 148 of the Negotiable Instruments Act permits an appellate court to order a pre-deposit pending an appeal by the drawer convicted under Section 138. Its discretionary pre-deposit requirement does not extend to a company director who neither signed nor drew the cheque. Where another accused signed the cheque for the company and no specific complaint allegations directly implicated the director, the director falls outside the statutory expression &quot;drawer&quot;. Consequently, a Section 148 pre-deposit condition cannot be imposed on that non-signatory director.</description>
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    <pubDate>Thu, 03 Sep 2026 00:00:00 +0530</pubDate>
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      <title>2026 (9) TMI 539 - CALCUTTA HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=798513</link>
      <description>Section 148 of the Negotiable Instruments Act permits an appellate court to order a pre-deposit pending an appeal by the drawer convicted under Section 138. Its discretionary pre-deposit requirement does not extend to a company director who neither signed nor drew the cheque. Where another accused signed the cheque for the company and no specific complaint allegations directly implicated the director, the director falls outside the statutory expression &quot;drawer&quot;. Consequently, a Section 148 pre-deposit condition cannot be imposed on that non-signatory director.</description>
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      <pubDate>Thu, 03 Sep 2026 00:00:00 +0530</pubDate>
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