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Supreme Court rules High Courts cannot examine debt liability while quashing cheque bounce cases under Section 482 CrPC. Disputes must be decided at trial.
High Court rules that a director who signs a dishonoured cheque faces direct liability under Section 138 of the NI Act. Clear relief for non-executive directors.
Calcutta High Court rules that directors cannot be prosecuted in cheque bounce cases unless specific roles are pleaded under Sections 138 & 141 of the NI Act.
Himachal Pradesh High Court rules that once cheque execution is admitted, presumption of liability arises under Section 139 NI Act, shifting burden to the accused.
Supreme Court questions exemption of directors from depositing compensation under Section 148 NI Act during company liquidation. Larger Bench to settle law.