Complainant can’t pursue the original complaint u/s 138 of NI Act once settlement has been entered into by parties: SC

FEMA amp; BANKING : Where complaint was filed under section 138 of NI Act on dishonour of cheques, following which parties entered into a settlement agreement, same would erode original complaint; non-compliance of settlement agreement or dishonour of cheques issued thereunder would give rise to a new cause of action imposing liability under section 138FEMA amp; BANKING : Where complaint was filed under section 138 of NI Act on dishonour of cheques, following which parties entered into a settlement agreement, same would erode original complaint; non-compliance of settlement agreement or dishonour of cheques issued thereunder would give rise to a new cause of action imposing liability under section 138www.taxmann.com Latest Case LawsRead More

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