https://www.taxtmi.com/caselaws?id=388815 The court allowed the petition and quashed the complaint case under Section 138 of the Negotiable Instruments Act. It was determined that there was no criminal or recoverable liability under Section 138 at the time of the alleged offense, emphasizing the lack of debt or liability as per the terms of the MOU. The judgment underscores the necessity of assessing the existence of debt or liability before commencing legal actions related to dishonored cheques, promoting fairness and legal compliance in financial transactions. en-us Tue, 19 Nov 2019 00:00:00 +0530 Sat, 23 Nov 2019 09:55:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388815 The court allowed the petition and quashed the complaint case under Section 138 of the Negotiable Instruments Act. It was determined that there was no criminal or recoverable liability under Section 138 at the time of the alleged offense, emphasizing the lack of debt or liability as per the terms of the MOU. The judgment underscores the necessity of assessing the existence of debt or liability before commencing legal actions related to dishonored cheques, promoting fairness and legal compliance in financial transactions. Case-Laws Indian Laws Tue, 19 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388815