Supreme Court · 2018 INSC 655 · Decided 31 July 2018
T.P. Murugan (Dead) THR. LRS. v. Bojan
- Court
- Supreme Court of India
- Citation
- 2018 INSC 655 · [2018] 9 S.C.R. 355
- Case number
- CRIMINAL APPEAL No. 950/2018
- Decided
- 31 July 2018
- Bench
- R.F. NARIMAN, INDU MALHOTRA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Criminal
- Acts & sections cited
- NI Act Section 139, 138
Headnote
Negotiable Instruments Act, 1881 - s.139 - Statutory presumption under -Operation of - Appellants after being inducted as Directors in respondent's company infused capital therein by way of deposits and shares - Subsequently, they resigned re-payment of their dues - Respondent issued a promissory note and two cheques in favour of appellants for discharge of their liability - Cheques dishonoured - Trial court convicted respondent u/s.138 - Conviction affirmed by District and Sessions Court - High
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