A.C. Narayanan vs State Of Maharashtra & Anr

The Supreme Court upheld the applicability of Sections 138 and 142 of the Negotiable Instruments Act, 1881, affirming that the issuance of process against the appellant was valid as the cheques issued were dishonored. The Court clarified that the Power of Attorney Holder's verification of the complaints was sufficient for maintaining the proceedings. The appeal against the High Court's dismissal of the applications for quashing the complaints was dismissed, reinforcing the legal principle that dishonor of cheques constitutes an offence under the N.I. Act.