Cheque Bounce (NI Act)
Jamboo Bhandari v. M.P. State Industrial Development Corporation Ltd.
Full citation: Jamboo Bhandari v. M.P. State Industrial Development Corporation Ltd., 2023 INSC 822, Supreme Court of India, decided 04.09.2023
Legal proposition
Deposit under s.148 NI Act is the normal rule, but the appellate court may depart from it in exceptional cases, for reasons recorded.
The proposition is a one-line editorial summary for orientation, checked against the judgment’s text. Coram, paragraph references and later treatment are not recorded here; read the full judgment and check whether it has been followed, distinguished or overruled before relying on it.