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Cheques Dishonored With Endorsements 'Insufficient Fund', 'Account Closed', 'Signature Mismatch' Attract S. 138 NI Act: Allahabad HC

Cheques Dishonored With Endorsements

The Allahabad High Court has observed that if the cheque is dishonoured and returned with the endorsements – case referred to drawer, instruction for stoppage of payment, exceeds arrangement, insufficient fund, signature differed or mismatch or account closed – then it will be sufficient for prima facie case for issuing process under Section 138 NI Act.

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