Company’s Authorized Signatory, not ‘drawer’ of the cheque, can’t be directed to pay interim compensation (on behalf of the company)
The Hon Supreme Court held that an authorized signatory of the company could not be considered as a ‘drawer’ of the cheque, and therefore, could not be directed to pay the interim compensation to the complainant under section 143A of the Negotiable Instrument Act. The directive states that authorized signatory act on behalf of the […]