Cheque Dishonour for 'Account Closed': Allahabad HC Clarifies under Section 138 NI Act

In a recent judgment delivered on February 26, 2024, the High Court of Judicature at Allahabad addressed a crucial matter under the Negotiable Instruments Act, focusing on Section 138. The case involved an application filed by Mr. Jatan Kumar Singh seeking the quashing of a summoning/cognizance order dated October 19, 2020, in Complaint Case No.14988 of 2020. Background of the Case: Mr. Jatan Kumar Singh, the applicant, faced allegations from…