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december 2024

Supreme Court of India · 2024-12-20

Bijoy Kumar Moni vs Paresh Manna

Citation / case number
2024 INSC 1024
Court
Supreme Court of India
Petitioner
Bijoy Kumar Moni
Respondent
Paresh Manna

Judgment text excerpt

The Supreme Court addressed the interpretation of Section 138 of the Negotiable Instruments Act, 1881, clarifying that an authorized signatory of a company qualifies as a 'drawer' under the statute. The Court held that the phrase 'on an account maintained by him' refers to the individual who has the authority to issue the cheque, and that 'any debt or other liability' encompasses obligations arising from loans. The High Court's decision to quash the conviction under Section 138 was overturned, reinstating the Trial Court's judgment.

Bijoy Kumar Moni vs Paresh Manna · Niyam