The Karnataka High Court in the case Lalji Kesha Vaid and Dayanand R observed and has held that a complaint for offence punishable under Section 138 of the Negotiable Instruments Act would be maintainable, notwithstanding the civil suit which is being filed for recovery of the money.
A single judge bench of Justice M Nagaprasanna in the case observed and has dismissed the petition filed by one Lalji Kesha Vaid.
It has been stated that, 'The complaint for the offence punishable under Section 138 of the Act would be maintainable, notwithstanding recovery proceedings which are initiated by institution of a civil suit, though both spring from the same cause of action.
This story is from the October 30, 2024 edition of The Business Guardian.
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This story is from the October 30, 2024 edition of The Business Guardian.
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