https://www.taxtmi.com/article/detailed?id=5944 Section 138 penalises cheque dishonour where the cheque was drawn for discharge of a legally enforceable debt or other liability subsisting on the date of drawal and statutory presentation and notice requirements are complied with; cheques issued as advance payments do not automatically attract Section 138 unless a subsisting enforceable liability existed when the cheque was delivered. en-us Sat, 13 Dec 2014 12:42:23 +0530 Wed, 31 Dec 2014 11:16:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5944 Section 138 penalises cheque dishonour where the cheque was drawn for discharge of a legally enforceable debt or other liability subsisting on the date of drawal and statutory presentation and notice requirements are complied with; cheques issued as advance payments do not automatically attract Section 138 unless a subsisting enforceable liability existed when the cheque was delivered. Articles Corporate Laws / IBC / SEBI Sat, 13 Dec 2014 12:42:23 +0530 https://www.taxtmi.com/article/detailed?id=5944