News Muncher - category cheque

1 day, 12 hours ago

S.138 NI Act | Director Who Signed Cheque Not Liable For Dishonour When Company Hasn't Been Added As Accused : Supreme Court

Live Law

The Supreme Court reiterated that the authorised signatory of a company cannot be held liable under Section 138 of the Negotiable Instruments Act, 1881 for dishonour of a cheque drawn on the company's account unless the company is arraigned as the principal accused. The Sessions Court upheld the conviction, but the Calcutta High Court reversed it, ruling that the cheque …

Supreme Court Court Director Company Accused Held Fir

Gukesh says Chennai 'one of the best cities in world of chess' as world champion felicitated by Tamil Nadu CM Stalin

Firstpost

Gukesh received a cheque of Rs 5 crore from CM Stalin at the felicitation event that took place a day after he returned to his hometown of Chennai and five days after his triumph over Ding Liren in the 2024 FIDE World Chess Championship. D Gukesh, the 18th chess world champion, is felicitated by Tamil Nadu Chief Minister MK Stalin …

Tamil Nadu World Chennai Chess Tamil Gukesh Stalin

6 days, 3 hours ago

KSDL presents dividend to Karnataka CM

Deccan Chronicle

Belagavi: Minister for Large and Medium Industries MB Patil and KSDL Chairman Nada Gowda presented a dividend cheque of Rs. 108.62 crore from Karnataka Soaps and Detergents Limited to Chief Minister Siddaramaiah on Tuesday. Expressing his appreciation, Chief Minister Siddaramaiah said, “It is a positive development that public sector enterprises are conducting profitable operations. Additional Chief Secretary to the Chief …

Minister Ksdl

6 days, 12 hours ago

NI Act | College Cannot Be Equated To A Company, Principal Not Vicariously Liable For Signing Cheque: Madras High Court

Live Law

The Madras High Court recently quashed the proceedings initiated against a Principal of a college under Section 138 of the Negotiable Instruments for signing a cheque that was returned for “insufficient funds”. While doing so, Justice Anand Venkatesh held that the Principal had not signed the cheque in his individual capacity, and since a college could not be equated to …

Court College Liability Act Trustee Principal Managing

6 days, 19 hours ago

Do you know there are 9 types of bank cheques and which one is to be used where?

India TV News

Usually, banks issue chequebooks to savings account holders. Crossed cheque In a crossed cheque, the cheque issuer makes two parallel lines at the top of the corner of the cheque, whether it is a cheque or not, by writing “a/c payee”. Post-dated cheques A cheque bearing a date later than the date of actual issue is called a post-dated cheque. …

Bank Date Issue Person Account Cheque Cheques

Mysore Sandal Soap makers pay historic Rs 108.62 crore dividend to Siddaramaiah

India Today

The Karnataka Soaps and Detergents Limited, which is the maker of the iconic Mysore Sandal Soap, has set a record by presenting a dividend cheque of Rs 108.62 crore to Chief Minister Siddaramaiah on Tuesday. The amount represents 30 per cent of KSDL’s remarkable profit of Rs 362.07 crore for the fiscal year 2023-24, marking the highest dividend payout in …

Karnataka Crore Minister Siddaramaiah Ksdl

2 weeks, 5 days ago

S. 148 NI Act | Signatory Of Cheque Issued By Company Can't Be Directed To Pay Compensation For Suspension Of Sentence : Supreme Court

Live Law

The Supreme Court recently reiterated that the official signatory of the company does not assume the status of a 'drawer of a cheque' to attract the liability for payment of compensation under Section 148 of the Negotiable Instruments Act, 1881. “To wit, as in the case of the position qua Section 143A, NI Act, merely because an officer of a …

Compensation Court Pay Act Sentence Deposit Adv

3 weeks ago

Gujarat High Court Grants Ad-Interim Bail To Film Director Rajkumar Santoshi In Cheque Bounce Case

Live Law

The Gujarat High Court on Monday granted ad-interim bail to noted film director, screenwriter and producer Rajkumar Santoshi who has been booked in connection with a cheque bouncing case under Section 138 of Negotiable Instruments Act. 17.5 Lakh in one case and Rs 5 Lakh in another, totalling to 22.5 lakh rupees. Raju further submitted that now the complainant in …

High Court Case Lakh Raju Rajkumar Santoshi Film Director Sessions Court

3 weeks, 3 days ago

Adil Hussain gets a cheque for ₹5 lakh every other month for guest appearance on Star Trek: Discovery. Here's why

Hindustan Times

Adil Hussain reveals Recently, Adil appeared on Cyrus Broacha’s Cyrus Says podcast where he spoke about his renumeration. He said that gets thousands of dollars in ‘residuals’, which means that he gets one per cent cut every time the network earns money from the show. Adil in Star Trek world In 2019, the Life of Pi actor appeared in the …

Discovery Star Trek Adil

1 month ago

Jagan turned Andhra into ‘Adani state’, handed it over as a ‘blank cheque’: Congress' YS Sharmila

Hindustan Times

Andhra Pradesh Congress Committee president YS Sharmila slammed her estanged brother and former chief minister Jagan Mohan Reddy, on Friday accusing him of accepting bribes in deals with the Adani group during his tenure. Sharmila alleged that Jagan turned Andhra Pradesh into an "Adani state" and handed it over as a "blank cheque" to the group. She alleged that Redy …

Congress Jagan State Reddy Sec Mohan Deal

1 month ago

Jagan turned Andhra into ‘Adani state’, handed it over as a ‘blank cheque’: Congress' YS Sharmila

Hindustan Times

Andhra Pradesh Congress Committee president YS Sharmila slammed her estanged brother and former chief minister Jagan Mohan Reddy, on Friday accusing him of accepting bribes in deals with the Adani group during his tenure. Sharmila alleged that Jagan turned Andhra Pradesh into an "Adani state" and handed it over as a "blank cheque" to the group. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} …

Congress Jagan State Reddy Sec Mohan Deal

1 month ago

Jagan gave Andhra as 'blank cheque' to Adani, turning it into Adani Pradesh: YS Sharmila

New Indian Express

HYDERABAD: Andhra Pradesh Congress Committee president YS Sharmila on Friday accused her brother and former Chief Minister YS Jagan Mohan Reddy of giving the state as a "blank cheque" to the Adani Group and allegedly turning it into "Adani Pradesh". Sharmila's comments come in the wake of Adani Group chairman Gautam Adani being charged by the US Department of Justice …

Jagan Pradesh Adani Sharmila Andhra Blank Cheque

1 month, 1 week ago

Palakkad District Commission Holds Axis Bank Liable For Presenting The Instalment Cheque Before Business Hours And Collecting Cheque Bounce Fee

Live Law

The District Consumer Disputes Redressal Commission, Palakkad bench of Sri Vinay Menon V., Smt. held Axis Bank liable for wrongfully penalising the complainant for a cheque bounce fee due to premature presentment of the cheque. Since the Bank presented the cheque before business hours, the District Commission held that this action contravened the law. The District Commission held that the …

Commission Complainant District Palakkad District Commission Bounce Fee Bank Liable

1 month, 2 weeks ago

[S.138 NI Act] Not Making Company Separate Accused In Cheque Bouncing Complaint Isn't Fatal To Prosecution Case: Jharkhand HC

Live Law

A single judge bench of Justice Sanjay Kumar Dwivedi, presiding over the case, remarked, “ From perusal of the complaint petition, the Court finds that although the company has not been made accused separately, but complainant has made the Director as accused who has signed the cheque as an accused and mentioned the company name i.e. The Court noted that …

Court Director Company Accused Complaint Directors Separate

1 month, 2 weeks ago

Don't say we didn't warn you! Rishi and Mail on Sunday proved right as Labour flounders... as he is given paper's front page as leaving gift!

Daily Mail

It was the perfect ‘I told you so’ moment for Rishi Sunak after he completed his final Shadow Cabinet meeting last week. The outgoing Tory leader was presented with a framed copy of the front page of the last edition of The Mail on Sunday before the Election – signed by his front bench – which read: ‘Rishi warning: Starmer …

Labour Pay Treasury Reeves Mail Ms Reeves Rishi

1 month, 3 weeks ago

Complainant's Burden Shifting Under Section 139 of the Negotiable Instruments Act: High Court Observation

Live Law

The Jammu and Kashmir and Ladakh High Court has observed that once the complainant proves that a cheque was issued by the accused to discharge a debt, Section 139 mandates that the burden of proof shifts to the accused. The court dismissed an appeal filed by one Choudhary Piara Singh against an acquittal order issued by the Trial Court in …

Law Legal Evidence Statutory Jammu

3 months, 2 weeks ago

Donations pour in for flood victims in Telangana

The Hindu

Donations continue to pour in for Telangana Chief Minister Relief Fund. Chief general manager of SBI Hyderabad circle Rajesh Kumar, DGM Jitendar Kumar and others handed over the cheque to Chief Minister A. Revanth Reddy and Deputy Chief Minister Mallu Bhatti Vikramarka, as per a post on X. State Bank of India employees have generously donated ₹ 5 crore - …

Telangana Minister Chief Flood Victims Cmrf

3 months, 2 weeks ago

This Is How Much Tamil Actor Prashanth Charged For Starring In Thalapathy Vijay’s GOAT

News 18

Thalapathy Vijay’s penultimate film The Greatest of All Time is gearing up to set the screens ablaze on September 5. Amid this, there are reports that actor Prashanth is being paid Rs 5 crore for his important role in the film. The producer of the film, Archana Kalpathi has officially confirmed in an interview that the actor is being paid …

Film Tamil Actor Thalapathy Vijay Prashanth

4 months ago

₹1850 crore spent on Ram temple’s construction till now

Hindustan Times

Lucknow: The Board of Trustees of the Sri Ram Janmabhoomi Tirath Kshetra Trust on Thursday presented expenditure and income of financial year 2023-24 in which it was disclosed that in the last financial year ₹776 crore were spent on the ongoing construction work of the temple. According to an estimate, the Trust has spent around ₹1850 crore on temple’s construction …

Trust Construction Ram Rai White Marble Ram Darbar Crore Spent

4 months ago

[Cheque Dishonour] Accused Often Get Away Due To Lack Of Evidence, Courts Must Acknowledge Friendly Cash Loans Between Parties: Delhi HC

Live Law

While hearing a matter on cheque bounce under the Negotiable Instruments Act, the Delhi High Court recently said that it would be prudent for courts to acknowledge that friendly cash loans are provided between parties without an existing document trail, with accused often getting acquitted because the complainant is unable to prove the existence of a debt. A single judge …

Trial Court Trial Court Accused High His Statement Cheque

4 months ago

Arshad Warsi Makes BIG Claims, Recalls Boney Kapoor's Production Paid Him Less: 'I Went to Get My Cheque...'

News 18

Boney is back in the spotlight, but not for the best reasons. Now, similar issues have resurfaced, with actor Arshad Warsi calling out Boney’s production house, as reported by Hindustan Times. In a no-holds-barred chat on Unfiltered by Samdish’s YouTube channel, Arshad Warsi spilled some details about being short-changed by Boney Kapoor’s production house. He added, “A production guy asked …

Production Four Days Three Days Boney Kapoor Boney Rs 1 Lakh Arshad

4 months, 1 week ago

High Court stays non-bailable warrant against Robin Uthappa in cheque bounce case

India Today

The Bombay High Court on Friday stayed a non-bailable warrant and proclamation issued by a court in Mumbai against cricketer and former India batter Robin Uthappa in a case related to dishonouring of a cheque. Borkar argued before the bench that Uthappa is an international cricketer who has represented India at the highest level and was a non-active director of …

Mumbai High Court Court Company Nbw Borkar Centaurus

4 months, 2 weeks ago

RBI Introduces Delegated Payment Through UPI, Cheque Clearing Time Reduced

Deccan Chronicle

Mumbai: The Reserve Bank of India on Thursday proposed to introduce Delegated Payments’ in UPI. Delegated Payments would allow an individual to set a UPI transaction limit for another individual on the primary user’s bank account. In another major announcement, the RBI also enhanced the limit for tax payments through UPI from ₹1 lakh to ₹5 lakh per transaction. At …

Payments Digital Payment User Rbi Clearing Upi

4 months, 2 weeks ago

RBI Monetary Policy: Cheque clearance cycle to be reduced ‘from days to hours’, says RBI governor Shaktikanta Das

Live Mint

Announcing the monetary policy statement on Thursday, Reserve Bank of India governor Shaktikanta Das said that the cheque-clearing cycle will be reduced from the current two business days to a few hours. To date, cheques were being cleared under the Cheque Truncation System in a batch processing mode. RBI Monetary Policy: New arrangement of cheque clearance The Cheque Truncation System …

Rbi Das Hours Cts Cheques Cheque Clearing Cheque Clearance

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Articles for Cheque

S.138 NI Act | Director Who Signed Cheque Not Liable For Dishonour When Company Hasn't Been Added As Accused : Supreme Court

Gukesh says Chennai 'one of the best cities in world of chess' as world champion felicitated by Tamil Nadu CM Stalin

KSDL presents dividend to Karnataka CM

NI Act | College Cannot Be Equated To A Company, Principal Not Vicariously Liable For Signing Cheque: Madras High Court

Do you know there are 9 types of bank cheques and which one is to be used where?

Mysore Sandal Soap makers pay historic Rs 108.62 crore dividend to Siddaramaiah

S. 148 NI Act | Signatory Of Cheque Issued By Company Can't Be Directed To Pay Compensation For Suspension Of Sentence : Supreme Court

Gujarat High Court Grants Ad-Interim Bail To Film Director Rajkumar Santoshi In Cheque Bounce Case

Adil Hussain gets a cheque for ₹5 lakh every other month for guest appearance on Star Trek: Discovery. Here's why

Jagan turned Andhra into ‘Adani state’, handed it over as a ‘blank cheque’: Congress' YS Sharmila

Jagan turned Andhra into ‘Adani state’, handed it over as a ‘blank cheque’: Congress' YS Sharmila

Jagan gave Andhra as 'blank cheque' to Adani, turning it into Adani Pradesh: YS Sharmila

Palakkad District Commission Holds Axis Bank Liable For Presenting The Instalment Cheque Before Business Hours And Collecting Cheque Bounce Fee

[S.138 NI Act] Not Making Company Separate Accused In Cheque Bouncing Complaint Isn't Fatal To Prosecution Case: Jharkhand HC

Don't say we didn't warn you! Rishi and Mail on Sunday proved right as Labour flounders... as he is given paper's front page as leaving gift!

Complainant's Burden Shifting Under Section 139 of the Negotiable Instruments Act: High Court Observation

Donations pour in for flood victims in Telangana

This Is How Much Tamil Actor Prashanth Charged For Starring In Thalapathy Vijay’s GOAT

₹1850 crore spent on Ram temple’s construction till now

[Cheque Dishonour] Accused Often Get Away Due To Lack Of Evidence, Courts Must Acknowledge Friendly Cash Loans Between Parties: Delhi HC

Arshad Warsi Makes BIG Claims, Recalls Boney Kapoor's Production Paid Him Less: 'I Went to Get My Cheque...'

High Court stays non-bailable warrant against Robin Uthappa in cheque bounce case

RBI Introduces Delegated Payment Through UPI, Cheque Clearing Time Reduced

RBI Monetary Policy: Cheque clearance cycle to be reduced ‘from days to hours’, says RBI governor Shaktikanta Das