Section 141 NI Act: Company Includes Partnership Firm Or Other Association Of Individuals [Read Judgment]

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28 May 2019 1:13 PM IST

  • Section 141 NI Act: Company Includes Partnership Firm Or Other Association Of Individuals [Read Judgment]

    "Section 141 undoubtedly uses the expression "company" so as to include a firm or association of persons."

    The Supreme Court has observed that the expression "company" used in Section 141 of the Negotiable Instruments Act includes a partnership firm or association of persons. In this case (G. Ramesh vs. Kanike Harish Kumar Ujwal), the first accused was a partnership firm named Vainqueur Corporate Services which was dealing in data entry work and and the other accused were its partners. The...

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