Sri Narasimha Murthy v. Sri Ajay Kumar Manvi
Case brief
What is this about?
High Court allowed a revision petition, setting aside convictions by trial and appellate courts. It held that a complaint under Section 138 of the NI Act was not maintainable against individual partners where the cheque was drawn by a partnership firm and the firm was not arraigned as an accused, citing Supreme Court precedents on vicarious liability.
What did the court decide?
Convictions by Trial and Sessions Courts set aside; Criminal Case dismissed as not maintainable; Petitioner acquitted of offence u/s 138 NI Act.