Joint Account Holder Who Hasn’t Signed Bounced Cheque Cannot Be Prosecuted Under Section 138 NI Act: Allahabad High Court

The Allahabad High Court recently delivered an important judgment regarding criminal liability in cheque bounce cases under Section 138 Negotiable Instruments Act, 1881. The Court held that a joint account holder who has not signed the disputed cheque cannot be prosecuted merely because the bank account was jointly maintained. The judgment was passed by Justice Sandeep Jain in the case filed by Madhu Singh, who challenged the criminal proceedings initiated…