NI Act: College Principal Not Vicariously Liable For Signing Cheque, Institution Not Equivalent To Company: Madras High Court
In a recent judgment delivered by the Madras High Court on 27 November 2024, the Court ruled on two Criminal Original Petitions (Crl.O.P.(MD) Nos.1293 and 2281 of 2021) concerning the dishonor of a cheque issued by the petitioners. The case, revolving around an alleged offence under Section 138 of the Negotiable Instruments Act, 1881, pertains to a dispute over a construction contract between the respondent, C.A.R.P. Mari, and the petitioners,…
