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No escape for signatory Trustee! Cheque dishonour complaint valid even if Trust not made accused – Rules Supreme Court
Case Law Details
- Case Name
- Sankar Padam Thapa Vs Vijaykumar Dineshchandra Agarwal (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
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Sankar Padam Thapa Vs Vijaykumar Dineshchandra Agarwal (Supreme Court of India)
Trust not a juristic person – cheque-bounce case maintainable against Trustee who signed the cheque –
Cheque bounced from Trust account? Supreme Court says signatory Trustee can be prosecuted even without arraigning the Trust
Core Issue
Whether a complaint under Section 138 of the Negotiable Instruments Act (NI Act) is maintainable against the Chairman/Trustee of a Trust when the Trust itself is not made an accused, though the cheque was issued on behalf of the Trust.
Background Facts
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Author Info
