18 Sep 2026 12:56 PM
Supreme Court
Supreme Court

Dishonour of Cheque -- Treasurer of NGO Signing Cheque Under MOU -- Signatory becomes drawer of cheque by virtue of MOU assigning rights and liabilities

Negotiable Instruments Act, 1881, Ss.138, 141 -- Dishonour of Cheque -- Treasurer of NGO Signing Cheque Under MOU -- Where a Memorandum of Understanding between the parties assigns to a person alone all rights and liabilities arising for or against a society, that person becomes the drawer of a cheque signed by him on behalf of the society, notwithstanding that he held only the position of Treasurer.

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