Tagged “account-payee-cheque”

Jai Balaji Industries v. HEG (2025): the payee's home branch is the sole forum for account-payee cheque cases

The Supreme Court held that for an account-payee cheque, territorial jurisdiction under s.142(2)(a) of the NI Act lies only with the court where the payee's home branch — the branch collecting the cheque — is situated. The contrary reading in Yogesh Upadhyay was declared per incuriam.