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Dishonor of Cheque - legally recoverable debt or not - society...

Cheque Dishonor Not a Legally Recoverable Debt for Housing Society u/s 138, Negotiable Instruments Act.

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Indian Laws November 23, 2019 Case Laws HC
Dishonor of Cheque - legally recoverable debt or not - society was constituted for the welfare of its members who were interested in getting their houses constructed by the respondent - Even if it is presumed that the said amount was paid to the respondent as advance money, even then there appears to be no criminal liability or any liability which is recoverable under provisions of Section 138 NI Act.

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Acts Income Tax