https://www.taxtmi.com/caselaws?id=108738 An instrument issued under an arrangement is not a cheque for section 138 of the Negotiable Instruments Act unless it is a bill of exchange drawn on a banker and payable on demand. Refund orders, fixed deposit receipts, or interest warrants that do not expressly carry that demand feature cannot acquire cheque character merely because they are described as cheques in a complaint. Where that foundational requirement is absent, the statutory offence of dishonour is not made out on the face of the complaint, and proceedings on that basis are liable to be quashed. en-us Tue, 09 Jul 2002 00:00:00 +0530 Tue, 03 Apr 2012 16:19:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108738 An instrument issued under an arrangement is not a cheque for section 138 of the Negotiable Instruments Act unless it is a bill of exchange drawn on a banker and payable on demand. Refund orders, fixed deposit receipts, or interest warrants that do not expressly carry that demand feature cannot acquire cheque character merely because they are described as cheques in a complaint. Where that foundational requirement is absent, the statutory offence of dishonour is not made out on the face of the complaint, and proceedings on that basis are liable to be quashed. Case-Laws Companies Law Tue, 09 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108738