Tag: Cheque Dishonour
October 13, 2021
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
CHEQUE ISSUED PURSUANT TO SETTLEMENT AGREEMENT PRESUMED...
On October 8, 2021, in the case of M/s Gimpex Private Limited vs. Manoj Goel , the Supreme Court of India has held that a cheque issued pursuant to a deed of settlement between parties will be presumed to have been issued towards discharge of a debt or liability under Section 138 of the Negotiable Instruments Act ("NI Act"), which fastens criminal liability in cheque bounce cases. ......