A Public Trust issues a cheque and the same is got bounced for insufficient funds. Can a Public Trust can be prosecuted u/s.138 of N.I. Act. Also whether all the Trustees can be prosecuted u/s.138 of N.I. Act. Can Explanation 1, U/s. 141 of N.I. Act can be extended to Trust also.
Kindly advice and provide case laws if available.