https://www.taxtmi.com/caselaws?id=165287 The Supreme Court held that post-dated cheques are subject to Section 138 of the Negotiable Instruments Act from the date they bear, not the date they are written. The Court overturned the High Court's ruling, emphasizing that post-dated cheques become payable on demand on the date written on them. This decision ensures that drawers can be held liable for dishonored post-dated cheques due to insufficient funds, aligning with the legislative intent to enhance the reliability of cheques in commercial transactions. The Court directed the Chief Judicial Magistrate to proceed with the complaints according to the law. en-us Mon, 11 Oct 1993 00:00:00 +0530 Tue, 15 Jul 2014 13:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165287 The Supreme Court held that post-dated cheques are subject to Section 138 of the Negotiable Instruments Act from the date they bear, not the date they are written. The Court overturned the High Court's ruling, emphasizing that post-dated cheques become payable on demand on the date written on them. This decision ensures that drawers can be held liable for dishonored post-dated cheques due to insufficient funds, aligning with the legislative intent to enhance the reliability of cheques in commercial transactions. The Court directed the Chief Judicial Magistrate to proceed with the complaints according to the law. Case-Laws Companies Law Mon, 11 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165287