Supreme Court Says Partners Can Be Prosecuted Without Naming the Firm — A Landmark in NI Act Clarity, ETLegalWorld
The Supreme Court held that a complaint under Section 138 of the Negotiable Instruments Act, 1881 (“NI Act”) for the dishonour of a cheque issued in the name of a partnership firm is maintainable against individual partners of a firm, even when the partnership firm is not arrayed as an accused. New Delhi: In a…