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MUTHU MANICKAM (SERVICE)     03 July 2013

Single signature -joint account

Dear Experts

from the below link you can find the following message.  How to get the full case details/judgement/reference?

NEW DELHI: The Supreme Court has held that a joint account holder cannot be prosecuted in a cheque bounce case unless the cheque has been signed by each and every person of such account.

The apex court said only the person, who issues a cheque from a joint account, can be made accused in proceedings under section 138 of Negotiable Instruments (NI) Act for dishonour of the cheque.

https://articles.economictimes.indiatimes.com/2013-07-02/news/40329427_1_cheque-bounce-case-section-138-ni-act

 

thanking you in advance

Muthu manickam



Learning

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