https://www.taxtmi.com/caselaws?id=158393 Section 138 of the Negotiable Instruments Act is not attracted where cheque dishonour follows a stop-payment instruction and the drawer's account had sufficient funds at presentation. The legal foundation for prosecution under Section 138 requires dishonour for insufficiency of funds or because the amount exceeds the arrangement with the bank; where bank records show adequate balance and the return is attributable to stop payment, that statutory ingredient is absent. On that basis, the complaint was quashed as not maintainable. en-us Tue, 08 Oct 1996 00:00:00 +0530 Wed, 06 Mar 2019 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158393 Section 138 of the Negotiable Instruments Act is not attracted where cheque dishonour follows a stop-payment instruction and the drawer's account had sufficient funds at presentation. The legal foundation for prosecution under Section 138 requires dishonour for insufficiency of funds or because the amount exceeds the arrangement with the bank; where bank records show adequate balance and the return is attributable to stop payment, that statutory ingredient is absent. On that basis, the complaint was quashed as not maintainable. Case-Laws Indian Laws Tue, 08 Oct 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158393