Chennai Lawyer

Tag: misappropriation of cheque

  • Whether a cheque is a property for Section 406 IPC?

    11.┬áIn Suryalakshmi Cotton Mills Ltd. v. Rajvir Industries Ltd. [(2008) 13 SCC 678], the Supreme Court has made the following observations explaining that a cheque is a property in consideration of Section 406 IPC. 24. However, a case for proceeding against the respondents under Section 406 has, in our opinion, been made out. A cheque being a…