Justice Amit Borkar observed: “The signatory of the cheque, authorized by the "Company", is not the drawer in terms of section 143A of the NI Act (Negotiable Instruments Act) and cannot be ...

Mumbai: In a landmark judgment, the Bombay high court on Wednesday held that in case of corporates issuing cheques that bounce, the authorised signatory is not the ‘drawer’ and not liable to ...

A) As the authorised signatory of the company you are liable for the cheques issued on behalf of the company. Recommended For You Syria evacuates Bedouin families from Druze-majority Sweida as ...

As authorised signatory, you are liable for cheques issued by you K.K Sarachandra Bose is a Partner/ Corporate, Commercial and Contract Lawyer at Dar Al Adalah Advocates and Legal Consultants.

The HC did not extend the definition of drawer to company directors or authorised signatories. The court said, “The expression ‘drawer’ in section 138 has not been interpreted to include ...