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Section 138 NI Act: Can non-signatory to dishonoured cheque be prosecuted for being joint account holder? Supreme Court to examine

A post-dated cheque which was inclusive of the interest amount given by the petitioners, was subsequently dishonoured.

The petitioners moved the High Court in 2018, seeking quashing of proceedings before a Coimbatore Magistrate, alleging that no loan was involved.

The High Court in January this year refused to enter into the merits of the matter and dismissed the plea.

This led to the present appeal before the top court.

Source: Barandbench

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