https://www.taxtmi.com/article/detailed?id=6938 Cheques issued as security for a legally enforceable payment obligation fall within 'debt or other liability' for the purposes of Section 138 when they were delivered to secure repayment, the drawer acknowledged or endorsed liability permitting presentation after a specified date, and the statutory requirements for presentation and written demand following bank return are satisfied, showing the cheques were intended as operative payment instruments rather than ornamental. en-us Tue, 16 Aug 2016 11:16:34 +0530 Tue, 16 Aug 2016 11:16:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6938 Cheques issued as security for a legally enforceable payment obligation fall within 'debt or other liability' for the purposes of Section 138 when they were delivered to secure repayment, the drawer acknowledged or endorsed liability permitting presentation after a specified date, and the statutory requirements for presentation and written demand following bank return are satisfied, showing the cheques were intended as operative payment instruments rather than ornamental. Articles Other Topics Tue, 16 Aug 2016 11:16:34 +0530 https://www.taxtmi.com/article/detailed?id=6938