Whether a Director of a company, who is also the authorised signatory, to sign and issue cheques on its behalf could be said to be the drawer of a cheque – Bijoy Kumar Moni Vs. Paresh Manna and Anr. – Supreme Court

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In this case, the following issues are covered:
A. Section 138 of the Negotiable Instruments Act, 1881 (NI Act)
B. Whether authorized signatory of a company falls within the ambit of the expression “drawer”?
C. Meaning of the expression “on an account maintained by him” used in Section 138 of the NI Act
D. In the case of a cheque drawn upon a joint account, each account holder affixing his signature to the cheque may be said to have drawn such a cheque
E. Scope of the expression “any debt or other liability” appearing in Section 138 of the NI Act
F. Section 141 of the NI Act
G. Conclusion

Whether a Director of a company, who is also the authorised signatory, to sign and issue cheques on its behalf could be said to be the drawer of a cheque – Bijoy Kumar Moni Vs. Paresh Manna and Anr. – Supreme Court Read Post »