Borrower cannot escape from prosecution & criminal liability for dishonour of cheque
Advertisement
Advertisement
Skip to content
Follow Us on
Advertisement
TOP STORIES
Corporate Law

Borrower cannot escape from prosecution & criminal liability for dishonour of cheque

Case Law Details

Case Name
Sri Karibasappa Vs Sri Mallikarjun (Karnataka High Court)
Date of Judgement/Order
Only available for paid members
Advertisement
Sri Karibasappa Vs Sri Mallikarjun (Karnataka High Court) The Hon’ble Karnataka High Court in Sri Karibasappa v. Sri Mallikarjun [Criminal Appeal No. 200106/2020, dated December 16, 2022] set aside the acquittal order passed by the Trial Court and sentenced the accused to pay a fine of INR 2,00,000/- or to undergo imprisonment of 3 months. Further, prescribed a list of grounds that wouldn’t exempt the borrower to escape from the prosecution and criminal liability for the dishonour of cheque under Section 138 of the Negotiable Instruments Act, 1881 (“the NI Act”). Facts: Sri Karibasappa...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Advertisement

Author Info

Bimal Jain
Name: Bimal Jain
Qualification: LL.B / Advocate
Company: A2Z Taxcorp LLP
Location: New Delhi
Articles Published: 2,862

Join TaxGuru's Network for the latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Reply

Your email address will not be published. Required fields are marked *