Legal Question in Criminal Law in India

respected sir, if in a partnership firm either or are the signing authority

if partner 2 is having a power of attorny for that firm.

and partner 1 signs the cheque of Rs. 5 lacs without notice to partner 2

if the cheque bounces what will be the case and who will be charged with?


Asked on 8/14/10, 1:05 pm

1 Answer from Attorneys

both the partners are equally liable and 138 and 143 will attract.

Regards

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Answered on 8/17/10, 8:41 pm


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