<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>2017 (12) TMI 970 - MADRAS HIGH COURT</title>
    <link>https://www.taxtmi.com/caselaws?id=352701</link>
    <description>A cheque issued to repay money paid for securing employment did not support liability under the Negotiable Instruments Act because the underlying consideration was unlawful. For an offence under Section 138, the cheque must be drawn towards a legally enforceable debt or liability; where the transaction itself is tainted by illegality, no such enforceable debt arises and the statutory presumption cannot aid the complainant. The trial court&#039;s acquittal was therefore sustained, as the cheque did not satisfy the statutory requirement of lawful consideration and enforceable liability.</description>
    <language>en-us</language>
    <pubDate>Fri, 08 Dec 2017 00:00:00 +0530</pubDate>
    <lastBuildDate>Wed, 20 Dec 2017 08:43:47 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=500517" rel="self" type="application/rss+xml"/>
    <item>
      <title>2017 (12) TMI 970 - MADRAS HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=352701</link>
      <description>A cheque issued to repay money paid for securing employment did not support liability under the Negotiable Instruments Act because the underlying consideration was unlawful. For an offence under Section 138, the cheque must be drawn towards a legally enforceable debt or liability; where the transaction itself is tainted by illegality, no such enforceable debt arises and the statutory presumption cannot aid the complainant. The trial court&#039;s acquittal was therefore sustained, as the cheque did not satisfy the statutory requirement of lawful consideration and enforceable liability.</description>
      <category>Case-Laws</category>
      <law>Indian Laws</law>
      <pubDate>Fri, 08 Dec 2017 00:00:00 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/caselaws?id=352701</guid>
    </item>
  </channel>
</rss>