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Adinath@Avinash Patil (advocate)     24 September 2009

n.i.act.sec.138 and 141 And HUF

Important case law In N.I.Act section 138.

Bombay High Court Aurangabad Bench

Criminal Appeal no.239/2006 decided on 22/08/2008.

Dadasaheb Rawal co-op Bank of Dondaicha Ltd.

         v/s

Ramesh Jawrilal Jain And others.

 

Negotiable Instrument Act 1881,section 138 &141-Whether HUF is covered u/s 141-Cheque issued by Firm of HUF dishonured-Plea that HUF not covered u/s 141-Held-The term "association of individuals" with include HUF business-it shall have to be construed as ejusdem generis-Along with other expression-Joint family business must be deemed as juristic person-Thry are covered u/s 141 of Negotiable Instrument Act in view of the explanation appended there to.



 1 Replies

Prakash Yedhula (Lawyer)     28 September 2009

A HUF is unique from other associations 

1 Like

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