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S. 138 NI Act | Authorised Signatory Who Signed Cheque On NGO's Behalf Deemed As 'Drawer', Liable For Dishonour : Supreme Court
Yash Mittal
7 Jun 2026 1:52 PM IST
The Supreme Court has observed that when the company authorizes a particular individual to sign, issue cheques on the company's behalf, including the responsibility of making a payment, then such an individual would be treated as a 'drawer', attracting liability under Section 138 of the Negotiable Instruments Act, 1881. A bench of Justice Prashant Kumar Mishra and Justice NV Anjaria upheld...
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