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Court Rules Section 138 Cheque Dishonor Cases Not Barred by Firm's Unregistered Status to Protect Banking Trust.

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....Interpretation of statute - Dishonor of cheque - enforcement of legal liability towards in Unregistered partnership firm - complaint filed by an unregistered firm u/s 138 - there is no point in stretching the bar which is in the nature of temporary bar to the suit to the complaints under section 138 of the N. I. Act, which is in the nature of penal provision with the object to inculcate faith in banking transactions - HC....

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