Supreme Court · 1999 INSC 211 · Decided 29 April 1999
Nepc Micon LTD. and ORS. v. Magma Leasing LTD.
- Court
- Supreme Court of India
- Citation
- 1999 INSC 211 · [1999] 2 S.C.R. 932
- Case number
- CRIMINAL APPEAL No. 481/1999
- Decided
- 29 April 1999
- Bench
- K.T. THOMAS, M.B. SHAH (2-judge bench)
- Outcome
- Dismissed
- Case type
- Criminal
- Acts & sections cited
- CrPC Section 258; NI Act Section 138, 140
Headnote
Negotiable Instruments Act, 1881-Sections 138 and 140-Cheques­ Dishonour of-Cheque returned with an endorsement 'account closed'­ Applicability of section 138-Held, Account closed would mean that the C cheque is returned as unpaid on the ground that the amount of money standing to the : D Penal statutes-Duty of the Court to interpret it consistent with the legislative intent and purpose. Words and Phrases : "Account closed"-Meaning of in the context of Negotiable Instruments E Act, 1881 Section 138. Cheques issued by the appellant to the respondents in discharge
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