The Karnataka High Court ruled that prosecution under Section 138 of the Negotiable Instruments Act cannot continue against a former director when a cheque was issued after the company’s dissolution. The Court held that a dissolved company lacks legal existence, making such cheques legally unenforceable.
The Allahabad High Court quashed money laundering proceedings against Tulsiani Construction and its directors, holding that civil and commercial disputes cannot be converted into criminal prosecutions under the Prevention of Money Laundering Act. The Court also set aside the ED’s summoning and attachment actions.
Today, On 3rd March, The Delhi High Court provided relief to NUJS regarding the award of a degree in its suspended Business Law course. A Bench comprising Chief Justice Devendra Kumar Upadhyaya and Justice Tushar Rao Gedela issued a notice to the concerned student, Kapil Mishra. The court also stayed contempt proceedings against the university’s Vice-Chancellor.
