Refers S. 138 NI Act Dilemma on Authorized Signatory's Liability in Cheque Bounce Case to Division Bench: Madras High Court

Cheque Bounce Case Raises Legal Conundrum: Authorized Signatory's Liability In a recent judgment (Crl.O.P.No.3159 of 2023) by Justice N. Anand Venkatesh, the Madras High Court delved into a crucial legal issue revolving around the liability of an authorized signatory in cheque bounce cases. The judgment, delivered on 23rd January 2024, centers on the case of M/s Prabhat General Agencies and its authorized signatory. Background: The crux of the matter lies…