Cheque Bounce Complaint Under Section 138 of NI Act Valid Even With Ongoing Civil Suit for Recovery: Karnataka High Court

In a recent ruling delivered by the High Court of Karnataka, Bengaluru, on October 21, 2024, the court examined the nuances of criminal proceedings under Section 138 of the Negotiable Instruments Act, 1881. This judgment provides significant insights into the interplay between civil suits and criminal proceedings related to dishonored cheques. Case Background The case revolves around Sri Lalji Kesha Vaid, a 38-year-old businessman and the owner of Venus Office…