https://www.taxtmi.com/caselaws?id=238167 A complaint under section 138 of the Negotiable Instruments Act failed because the complainant did not prove the alleged loan transaction or that the cheque was issued in discharge of a legally enforceable liability. The defence that the cheque was given as a blank signed security cheque in connection with a kuri transaction was accepted, supported by the complainant's role in the kuri business, the improbability of advancing the claimed loan in the circumstances, and an account extract showing the account had been closed long before the cheque date. The acquittal was therefore upheld and the appeal dismissed. en-us Wed, 07 Mar 2012 00:00:00 +0530 Thu, 17 Oct 2013 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238167 A complaint under section 138 of the Negotiable Instruments Act failed because the complainant did not prove the alleged loan transaction or that the cheque was issued in discharge of a legally enforceable liability. The defence that the cheque was given as a blank signed security cheque in connection with a kuri transaction was accepted, supported by the complainant's role in the kuri business, the improbability of advancing the claimed loan in the circumstances, and an account extract showing the account had been closed long before the cheque date. The acquittal was therefore upheld and the appeal dismissed. Case-Laws Companies Law Wed, 07 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238167