News

  • Negotiable Instruments Act, 1881 Ss. 138, 142

    Negotiable Instruments Act, 1881 – Ss. 138, 142 – Jurisdiction - Territorial jurisdiction – the offence in the contemplation of Section 138 of the NI Act is the dishonour of the cheque alone - The territorial jurisdiction is restricted to the Court within whose local jurisdiction the offence was committed, i.e. where the cheque is dishonoured by the bank on which it is drawn.

    Supreme Court of India - dated 01-08-2014