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Supreme Court questions exemption of directors from depositing compensation under Section 148 NI Act during company liquidation. Larger Bench to settle law.
Himachal High Court rules that a cheque bounce complaint fails without documentary proof of proprietorship ownership under Section 138 NI Act.
Supreme Court rules that cheque bounce cases under Section 138 NI Act remain valid even for cash loans above ₹20,000, overruling Kerala High Court.
The Supreme Court rules that Damodar S. Prabhu (2010) guidelines on compounding costs in Section 138 NI Act cases are directory, not mandatory. The judgment emphasizes flexibility…
Bombay High Court rules that directors remain personally liable under Section 138 of the NI Act even after company debt resolution under the IBC. Judgment reinforces accountabilit…