Cheque dishonoured with bank endorsement 'account closed' - It would be an offence under S. 138 of Negotiable Instruments Act
Citation
CDJ 1999 SC 293
NEPC Micon Ltd vs Magma Leasing Ltd
Head Note
Negotiable Instruments Act, Section 138 - Cheque dishonoured with Bank endorsement "account closed" - Offence under S. 138 made out - It would amount that cheque was returned due to insufficient funds to the credit of drawer. 1997(1) R.C.R. (Crl.) 158 (SC) relied. 1992(2) R.C.R. (Crl.) 199 (Madras) overruled. 1994(3) R.C.R. (Crl.) 706 (Gujarat) and 1993 Crl. L.J. 688 approved. [Paras 6, 7 and 13]
Negotiable Instruments Act, Section 138 - Cheque dishonoured with bank endorsement 'account closed' - It would be an offence under S. 138 of Negotiable Instruments Act apart from the fact that it may amount to another offence. [Para 6]
Cases referred:
1. G.F. Hurasikattimath v. Sr. of Kant, 70 Company Cases 278 (Karnataka).
2. S. Prasanna v. R. Vijayalaksmi, 1992(2) RCR (Crl.) 199.
3. Shivendra Samsguiri v. M/s. Adrnio & Anr., 1996 Cr. L.J. 1816 (Bengal).
4. Veeraraghavan v. Lalita Kr., 1995 Cr. L.J. 1882 (Madras).
5. M/s. Dada Silk Mills v. Indian Overseas Bank Banking Co., 1994(3) RCR (Crl.) 706.
6. M/s. G.M. Mittal Stainless Steels Ltd. v. M/s Nagarjuna Investment Trust Ltd., 1995(4) Crimes 379 (Andhra Pradesh).
7. Japahari v. Priya, 1994(1) Crimes 3798 (Kerala).
8. Rakesh Porwal v. Varayan Joglekar, 1993 Cr. L.J. 688.
9. Kanwar Singh v. Delhi Administration, 1965(1) SCR 7.
10. Swantraj and others v. State of Maharashtra, 1975(3) S.C.C. 322.
11. State of Tamil Nadu v. M.K. Kandaswami and others, 1974(4) S.C.C. 745.
12. M/s International Ore and Fertilizers (India) Pvt. Ltd. v. Employees' State Insurance Corporation AIR, 1988 S.C. 79.
13. Seaford Court Estates Ltd. v. Asher, 1949(2) All ER 155.
14. Modi Cements Ltd. v. Kuchil Kumar Nandi, 1998(2) RCR (Crl.) 77.
15. K.K. Siddharthan v. T.P. Praveena Chandran, 1997(1) RCR (Crl.) 158.
16. Electronics Trade and Technology Development Corporation, 1996(1) RCR (Crl.) 593 : 1996(2) SCC 739.
COMPARATIVE CITATIONS:
1999 (96) CC 822, 1999 AIR(SC) 1952, 1999 (4) SCC 253, 1999 SCC(Cr) 524, 1999 CrLJ 2883, 1999 (2) CTC 347; 1999 (2) KLT 45 (SN), 1999 (2) KLJ 59, 1999 (2) KLJ(NOC) 17, 1999 AIR(SCW) 1637, 1999 (3) JT 374, 1999 (3) Scale 67, 1999 (4) Supreme 378
Negotiable Instruments Act, Section 138 - Cheque dishonoured with bank endorsement 'account closed' - It would be an offence under S. 138 of Negotiable Instruments Act apart from the fact that it may amount to another offence. [Para 6]
Cases referred:
1. G.F. Hurasikattimath v. Sr. of Kant, 70 Company Cases 278 (Karnataka).
2. S. Prasanna v. R. Vijayalaksmi, 1992(2) RCR (Crl.) 199.
3. Shivendra Samsguiri v. M/s. Adrnio & Anr., 1996 Cr. L.J. 1816 (Bengal).
4. Veeraraghavan v. Lalita Kr., 1995 Cr. L.J. 1882 (Madras).
5. M/s. Dada Silk Mills v. Indian Overseas Bank Banking Co., 1994(3) RCR (Crl.) 706.
6. M/s. G.M. Mittal Stainless Steels Ltd. v. M/s Nagarjuna Investment Trust Ltd., 1995(4) Crimes 379 (Andhra Pradesh).
7. Japahari v. Priya, 1994(1) Crimes 3798 (Kerala).
8. Rakesh Porwal v. Varayan Joglekar, 1993 Cr. L.J. 688.
9. Kanwar Singh v. Delhi Administration, 1965(1) SCR 7.
10. Swantraj and others v. State of Maharashtra, 1975(3) S.C.C. 322.
11. State of Tamil Nadu v. M.K. Kandaswami and others, 1974(4) S.C.C. 745.
12. M/s International Ore and Fertilizers (India) Pvt. Ltd. v. Employees' State Insurance Corporation AIR, 1988 S.C. 79.
13. Seaford Court Estates Ltd. v. Asher, 1949(2) All ER 155.
14. Modi Cements Ltd. v. Kuchil Kumar Nandi, 1998(2) RCR (Crl.) 77.
15. K.K. Siddharthan v. T.P. Praveena Chandran, 1997(1) RCR (Crl.) 158.
16. Electronics Trade and Technology Development Corporation, 1996(1) RCR (Crl.) 593 : 1996(2) SCC 739.
COMPARATIVE CITATIONS:
1999 (96) CC 822, 1999 AIR(SC) 1952, 1999 (4) SCC 253, 1999 SCC(Cr) 524, 1999 CrLJ 2883, 1999 (2) CTC 347; 1999 (2) KLT 45 (SN), 1999 (2) KLJ 59, 1999 (2) KLJ(NOC) 17, 1999 AIR(SCW) 1637, 1999 (3) JT 374, 1999 (3) Scale 67, 1999 (4) Supreme 378
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