Cheque-Bounce Case Against Former Independent Director Pranab Biswas Quashed Under Negotiable Instruments Act, 1881: Calcutta High Court

The case involved Pranab Biswas and Santonu Choudhury and concerned a cheque-bounce complaint under Section 138 of the Negotiable Instruments Act, 1881. The complaint arose from a flat-sale transaction involving Abhijata Construction Pvt. Ltd., which had allegedly agreed to sell a flat for Rs. 2,50,00,000/- and later issued five cheques for refund. One cheque for Rs. 51,00,000/-, dated April 10, 2022, was dishonoured for insufficient funds. The Calcutta High Court…