Cheque Bounce | Signatures Of Both Account Holders Necessary For Cheque Issued From Joint Account: Punjab and Haryana High Court

In a significant judgment, the Punjab and Haryana High Court quashed the complaint filed under Section 138 of the Negotiable Instruments Act, 1881 (NI Act). The case involved a dispute between Charanjeet Singh (the petitioner) and Kulwant Singh (the respondent), stemming from the dishonour of a cheque for Rs. 7,50,000/- issued as part of a friendly loan agreement. The Court determined that the legal notice, which is a prerequisite for…