https://www.taxtmi.com/caselaws?id=388650 Section 138 of the Negotiable Instruments Act applies only when a cheque is issued in discharge of an existing, legally enforceable debt or liability. On the facts noted, the evidence showed inconsistencies about the date and circumstances of issuance, the complainant admitted in cross-examination that the cheque was given only as a guarantee, and the defence version of earlier stop-payment instructions was supported. A cheque issued merely as security does not satisfy the statutory ingredient for an offence under Section 138, so the acquittal was sustained and the appeal failed. en-us Fri, 15 Nov 2019 00:00:00 +0530 Wed, 20 Nov 2019 10:09:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388650 Section 138 of the Negotiable Instruments Act applies only when a cheque is issued in discharge of an existing, legally enforceable debt or liability. On the facts noted, the evidence showed inconsistencies about the date and circumstances of issuance, the complainant admitted in cross-examination that the cheque was given only as a guarantee, and the defence version of earlier stop-payment instructions was supported. A cheque issued merely as security does not satisfy the statutory ingredient for an offence under Section 138, so the acquittal was sustained and the appeal failed. Case-Laws Indian Laws Fri, 15 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388650