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Cheques Bounced Due to Insufficient Funds: Trust or College Must Be Named in Section 138 Proceedings for Liability.

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Full Text of the Document

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....Offence u/s.138 of the Negotiable Instruments Act - cheques were returned unpaid owing to "insufficient funds" - Only when such Trust/College is arrayed as an accused, petitioner may be proceeded against on the assertion that he is incharge of and responsible to the Trust/College in the conduct of its affairs. - HC....

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