https://www.taxtmi.com/caselaws?id=383536 The court quashed the complaints under Section 138 of the Negotiable Instruments Act and summoning orders, ruling that the cheques were issued as security and not to discharge any existing debt or liability. The lack of specific details in the complaints regarding the nature of the transaction led the court to find them unsustainable. Emphasizing the importance of averments in such cases, the court concluded that the complaints did not meet the essential requirements to proceed under Section 138. As a result, the complaints and summoning orders were quashed, and further proceedings were deemed futile. en-us Wed, 17 Jul 2019 00:00:00 +0530 Fri, 26 Jul 2019 08:20:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383536 The court quashed the complaints under Section 138 of the Negotiable Instruments Act and summoning orders, ruling that the cheques were issued as security and not to discharge any existing debt or liability. The lack of specific details in the complaints regarding the nature of the transaction led the court to find them unsustainable. Emphasizing the importance of averments in such cases, the court concluded that the complaints did not meet the essential requirements to proceed under Section 138. As a result, the complaints and summoning orders were quashed, and further proceedings were deemed futile. Case-Laws Indian Laws Wed, 17 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383536