Recovery of Debts by Corporate: Cheque & Negotiable Instruments Act, 1881

In the case of M. Meeran Mohideen v. B. Vijayakumar, Crl. M.P. No. 1870 of 2018 the Hon’ble High Court of Madras quashed a check bounce case where it was found that the cheque had been presented to the bank post its validity period, whereby the cheque was found to be stale. In Maxworth Realty India Ltd. v. M.K. Veerendra Babu, 2010 (1) KCCR 467, the Hon’ble High Court of Karnataka went on to hold that, where the legal demand notice had been issued to the managing director of the defaulting company, then it can be assumed that the company had a known regarding the same, thus ensuring that the cheque bounce case was maintainable.

Recovery of Debts by Corporate: Cheque & Negotiable Instruments Act, 1881 - (mylawyersadvice.com)

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