2nd ANNUAL INDIAN LEGAL AWARDS 2013
“Recognition of Legal Finesse, Innovation and Accomplishments”
(Nomination closing on 20th December, 2012)
"Education is an Ornament in Prosperity and a Refuge in Adversity - Aristotle". ____________________________________________________________________________
Don’t let your signature bounce
New Delhi: A person may face criminal proceedings if a cheque issued by him gets dishonoured on the ground that his signature does not match the specimen signature available with the bank, the Supreme Court has said. A bench of justices TS Thakur and Gyan Sudha Mishra set aside the verdict of Gujarat high court which had held that criminal proceedings for dishonouring of cheque can be initiated only when the cheque is dishonoured because of lack of sufficient amount in the account and not in the case of mismatch of signatures.
“Just as dishonour of a cheque on the ground that the account has been closed is a dishonour falling in the first contingency referred to in section 138 of the Negotiable Instrument Act, so also dishonour on the ground that the ‘’signatures do not match’’ or that the ‘’image is not found’’, which too implies that the specimen signatures do not match the signatures on the cheque would constitute a dishonour within the meaning of section 138 of the Act,” the bench said.
Source::::: DNA, 03-12-2012, p.01, http://epaper.dnaindia.com/story.aspx?id=33390&boxid=28691&ed_date=2012-12-03&ed_code=820009&ed_page=1
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High court seals builders’ conviction for double-selling same flat
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Mustafa Plumber
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| The Bombay high court has upheld the conviction handed down to Vinay Mehta and Nitin Mehta of Anamika Real Estate Pvt Ltd for cheating a home buyer by double-selling a flat. The sessions court had sentenced the duo to six months’ simple imprisonment and fined them Rs5,000 each. It also directed the firm to pay Rs 5,000 to the complainant, CM Lakhani. In 1998, Lakhani met the Mehtas and decided to buy a flat in the under-construction Benzer Tower in Borivli (E) for Rs7.5 lakh. He paid Rs50,000 as the booking amount and the balance was to be paid as mentioned in the agreement signed on January 12, 1998. When the project was not completed, in 2003, Lakhani checked with the sub-registrar of assurances office and found out that the duo had entered into an agreement with Annay and Nitin Kancholiya on June 20, 2000, for the same flat. Advocate Mohan Tekawade, appearing for Lakhani, argued that the Mehtas deprived his client to be of his property and used the Rs50,000 for personal expenditure. The Mehtas argued that Lakhani neither paid the balance nor credited his demand notice so, they issued a final letter of cancellation of the agreement. They argued the case would amount to breach of contract and not cheating. But justice KU Chandiwal dismissed the Mehtas’ revision petition and directed them to surrender before the authorities concerned. |