SangsLegal News Supreme Court Rules S.138 of NI Act; Complaints for Cheque Dishonour Can Be terminated Upon Complainant's Execution of Acceptance Deed for Full Settlement

The Supreme Court has recently made a significant ruling on Section 138 of the Negotiable Instruments Act, stating that proceedings relating to cheque dishonour can be terminated if the complainant signs a deed accepting the entirety of the agreed amount as a final settlement. This recent judgment by the Supreme Court sheds light on the legal avenue available to both parties involved in a cheque dishonour case to amicably resolve their dispute. According to the ruling, once the complainant signs an louis vuitton laukku acceptance deed, acknowledging the full payment received as a final settlement, the legal proceedings under Section 138 of the NI Act can be quashed.