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Negotiable Instruments Act, 1881 (26 of 1881), Section 138, 141 – “Other association of individuals’ - Two private individuals cannot be said to be "other association of individuals" - The liability is the individual liability (may be a joint liabilities), but cannot be said to be the offence committed by a company or by it corporate or firm or other associations of individuals - Appellant herein is neither a Director nor a partner in any firm who has issued the cheque - Therefore, cannot be convicted with the aid of Section 141.
(2021-2)202 PLR 001 : 2021 SCeJ 308 ALKA KHANDU AVHAD v. AMAR SYAMPRASAD MISHRA
Negotiable Instruments Act, 1881 (26 of 1881), Section 141 – Relates to the offence by companies and it cannot be made applicable to the individuals.
(2021-2)202 PLR 001 : 2021 SCeJ 308 ALKA KHANDU AVHAD v. AMAR SYAMPRASAD MISHRA
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