The expression "suit or other proceedings" in Section 446(1) of Companies Act does not include Case U/S 138 NI Act; Bombay HC [Read Judgment]
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8 May 2016 7:20 PM IST
![The expression suit or other proceedings in Section 446(1) of Companies Act does not include Case U/S 138 NI Act; Bombay HC [Read Judgment] The expression suit or other proceedings in Section 446(1) of Companies Act does not include Case U/S 138 NI Act; Bombay HC [Read Judgment]](https://www.livelaw.in/cms/wp-content/uploads/2014/08/Dishonour-of-cheque-Live-Law.jpg)
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8 May 2016 7:20 PM IST
A Division Bench of Bombay High Court has held that the expression "suit or other proceedings" in Section 446(1) under chapter II of Part VII of Companies Act, 1956, does not include criminal complaints filed under Section 138 of the Negotiable Instruments Act, 1881The Bench comprising of Justices Dr.Shalini Phansalkar Joshi and Dharmadhikari was answering a reference from a Single Judge...
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