Supreme Court of India
M/s. Bsi Ltd. and Anr. v. Gift Holdings Pvt. Ltd. and Anr. Etc.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
1 Supreme Court bench has cited this judgment.
From the headnote
Negotiable Instruments Act, 1872-Section 138-Dishonour of che- ques-Complaint u/s. 138 against companies-Companies declared sick after institution of complaints u/s 138-Whether they are liable to be prosecuted c in view of embargo contained in Section 22(1) of Sick Industrial Companies (Special Provisions) Ac~ 1985-Held, Yes. Cheques issued by the appellant company and their Directors were dishonoured by the drawee bank on the ground of insufficiency of amount in the account concerned. complaint was filed against the company and its Directors for the offence u/s. 138 of the Negotiable
Where later benches applied it
Of those, 1 distinguished
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