Conviction In Significant Dishonoured Cheque Case Under Section 138 NI Act: JMFC, Saket Court

In a significant ruling by the JMFC, South-East Delhi, M/s Triveni Silk Mills and its partners, Shakti Jaggi and Bhupinder Jaggi, have been convicted under Section 138 of the Negotiable Instruments Act, 1881 (NI Act) for dishonouring cheques issued to Mr. Rajeev Kumar, the complainant. The case arose after the accused issued cheques numbered 679556 and 679558, which were dishonoured due to "Payment stopped by Drawer" on 26th September 2013…