You may also like...
-
To conclude, the dishonour of the cheques on the ground of “ACCOUNT BLOCKED” due to proceedings under NCLT and Accounts being taken over by IRP/Liquidator, precludes liability under Section 138 NI Act as it cannot be said that he is maintaining the Account. Therefore, the offence under Section 138 NI Act, would not be made out. Conclusion: 82. In view of the aforesaid discussion, all the three Complaints along with the summoning Orders dated 19.01.2021 (in CC No. 90/2021); m 21.01.2021 (in CC No. 113/2021); 22.01.2021 (in CC No. 117/2021), and all the proceedings emanating therefrom, are quashed.
by Sekar Reporter · Published December 29, 2025
-
-