Cheque Bouncing cases involving unregistered partnership: What Madras HC ruledJuly 26 2019
The Madras High Court recently clarified that when a cheque bouncing case is filed with respect to a cheque drawn on behalf of a partnership firm, the firm itself would also have to be arraigned as an accused, regardless of whether the partnership is registered or unregistered.
The law in this regard was summed by Justice N Anand Venkatesh thus,
"Section 141 of the Negotiable Instruments Act deals with the concept of vicarious liability, wherein . . .
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