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shakthivel (Querist) 26 June 2011 This query is : Resolved
Whether cheues issued by Firm`s Manager in his indiv idual capacity towards due satisfaction of his principle`s liability would attraqct prosecution under Sec.138 of N.I.Act as well under Sec.420 of IPC. Please enlighten us and if possible and available any judgments to that effet.

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prabhakar singh (Expert) 26 June 2011
would attract prosecution under Sec.138 of N.I.Act

Advocate. Arunagiri (Expert) 26 June 2011
No 420. Only 138.

Ajay Bansal (Expert) 27 June 2011
Only section 138 N.I. act is attracted.

Guest (Expert) 27 June 2011
The question arises, what do you mean by the term "individual capacity of a manager in the firm?" Was the cheque not issued on behalf of the firm from the account of the firm?

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