https://www.taxtmi.com/caselaws?id=333348 A conviction under Section 138 of the Negotiable Instruments Act was not sustainable where the cheques were found to have been issued only as security and no legally enforceable liability was proved. The complaint lacked basic particulars of the transaction, including the approach, valuation and delivery of the alleged gold ornaments, while the complainant's evidence shifted on material facts. The receipt relied on was disputed, showed alterations, and described the cheques as security. Defence evidence supported the respondent's version, and the record did not establish an outstanding debt when the cheques were issued. The acquittal was therefore affirmed. en-us Wed, 05 Oct 2016 00:00:00 +0530 Wed, 12 Oct 2016 12:54:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333348 A conviction under Section 138 of the Negotiable Instruments Act was not sustainable where the cheques were found to have been issued only as security and no legally enforceable liability was proved. The complaint lacked basic particulars of the transaction, including the approach, valuation and delivery of the alleged gold ornaments, while the complainant's evidence shifted on material facts. The receipt relied on was disputed, showed alterations, and described the cheques as security. Defence evidence supported the respondent's version, and the record did not establish an outstanding debt when the cheques were issued. The acquittal was therefore affirmed. Case-Laws Indian Laws Wed, 05 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333348