Supreme Court’s Landmark Ruling on Relying on Alternate Bank Accounts for Sufficient Funds in Cheque Bounce Cases
Understanding the Impact of Supreme Court’s Ruling on Alternate Bank Accounts in Cheque Bounce Cases The Supreme Court of India, in a pivotal decision, has clarified that having sufficient funds in alternate bank accounts cannot be used as a defence under Section 138 of the Negotiable Instruments Act (NI Act). This ruling emphasizes that the […]