https://www.taxtmi.com/caselaws?id=293679 Cheque dishonour liability under the Negotiable Instruments Act was rejected because the cheque was found to have been issued only as security for a loan, not in discharge of a legally recoverable debt. The High Court noted that no legal liability existed when the blank cheque was issued and that the absence of account extracts or supporting loan documents weakened the claim of enforceable debt. Finding no illegality in the Trial Court's appreciation of evidence, the Court upheld the acquittal and dismissed the appeal. en-us Tue, 27 Feb 2018 00:00:00 +0530 Wed, 24 Feb 2021 09:40:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293679 Cheque dishonour liability under the Negotiable Instruments Act was rejected because the cheque was found to have been issued only as security for a loan, not in discharge of a legally recoverable debt. The High Court noted that no legal liability existed when the blank cheque was issued and that the absence of account extracts or supporting loan documents weakened the claim of enforceable debt. Finding no illegality in the Trial Court's appreciation of evidence, the Court upheld the acquittal and dismissed the appeal. Case-Laws Indian Laws Tue, 27 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293679