https://www.taxtmi.com/caselaws?id=274322 The Supreme Court upheld the importance of Section 138 of the Negotiable Instruments Act, 1881 in maintaining credibility in banking transactions. The court emphasized that dishonour of cheques due to insufficient funds, coupled with dishonest intentions such as instructing the bank to stop payment, constitutes an offense under Section 138. The court ruled in favor of the appellant, setting aside the High Court's decision to quash the complaints and highlighting the necessity of ensuring compliance with the statutory provisions to deter fraudulent practices in cheque transactions. en-us Mon, 22 Jan 1996 00:00:00 +0530 Tue, 07 Aug 2018 15:42:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274322 The Supreme Court upheld the importance of Section 138 of the Negotiable Instruments Act, 1881 in maintaining credibility in banking transactions. The court emphasized that dishonour of cheques due to insufficient funds, coupled with dishonest intentions such as instructing the bank to stop payment, constitutes an offense under Section 138. The court ruled in favor of the appellant, setting aside the High Court's decision to quash the complaints and highlighting the necessity of ensuring compliance with the statutory provisions to deter fraudulent practices in cheque transactions. Case-Laws Indian Laws Mon, 22 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274322