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Karnataka High Court reiterates: Cheque bounce complaint under Section 138 of NI Act maintainable even if civil suit for recovery is instituted
The Daily Guardian
|October 30, 2024
The bench also relied on the Apex Court judgement in the case of D. Purushotama Reddy v. K Sateesh, wherein the court held that two proceedings are maintainable and that the two would be a civil suit seeking recovery of amount and a proceeding for the offence punishable under Section 138 of the Act.
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The Karnataka High Court in the case Lalji Kesha Vaid and Dayanand R observed and has held that a complaint for offence punishable under Section 138 of the Negotiable Instruments Act would be maintainable, notwithstanding the civil suit which is being filed for recovery of the money.
A single judge bench of Justice M Nagaprasanna in the case observed and has dismissed the petition filed by one Lalji Kesha Vaid.
This story is from the October 30, 2024 edition of The Daily Guardian.
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