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M/S Laxmi Dyechem vs State Of Gujarat & Ors on 27 November, 2012

38. The Hon'ble Apex Court in Laxmi Dyechem v. State of Gujarat and others reported in (2012) 13 SCC 375 has held that even when a cheque is returned for any other reasons such as "account closed, payment stopped, refer to drawer, signature does not match", etc., in each case Sec.138 of the Negotiable Instruments Act will be attracted and that 24 CC NO.11497/2007 insufficiency of funds as envisaged in Sec.138 of the NI Act is a genus and dishonour for reason of "accounts closed", "payment stopped", "referred to drawer,"etc are only species of that genus, etc.
Supreme Court of India Cites 19 - Cited by 575 - T S Thakur - Full Document
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