P&H: Quashes Cheque-Dishonour Case Against Former Company Director resigned prior date of cheque
The Punjab and Haryana High Court has quashed a cheque-dishonour complaint against Manish Bansal, a former director of Hindustan Buildcare Infra Private Limited, after finding that he had resigned years before the cheque was issued. The proceedings will continue against Sandhya Wadhwa, the company’s authorised signatory who signed the cheque.
The complaint arose from an investment of Rs. 2.5 lakh made by Dr. Mohinder Partap Monga in a kiosk project at Fortune Mall, Mohali. The company allegedly agreed to refund Rs. 3.75 lakh if the project failed or the kiosk was not delivered. A cheque for Rs. 1.5 lakh, signed...
