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Companies Not Liable for Personal Cheque Dishonour Without Legal Provision, Says Court on Vicarious Liability.

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Full Text of the Document

X X   X X   Extracts   X X   X X

....Dishonour of cheques - if the cheque is issued by an individual not acting on behalf of the company, the vicarious liability on the company cannot be fastened in the absence of any specific provision permitting the same - HC....

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