SUPREME COURT RULES ON PLACE OF FILING COMPLAINTS FOR ACCOUNT PAYEE CHEQUES: WHAT BUSINESSES MUST KNOW
For Account Payee Cheque’s Dishonour, Complaint Must Be Filed Only at Payee’s Home Branch: Section 142(2)(a) of Negotiable Instruments Act Case Title: Jai Balaji Industries Ltd. & Ors. v. M/s HEG Ltd. Bench: Justice J.B. Pardiwala & Justice R. Mahadevan Date: 28 November 2024 “A deeming fiction is created under Explanation to Section 142(2)(a) of the NI Act, that the cheques deposited anywhere are deemed delivered at the home branch, the court said.”
