https://www.taxtmi.com/caselaws?id=295082 The Court rejected the applicant's complaint under Section 138 of the Negotiable Instruments Act, 1881, due to failure to prove the cheque was issued for a legally enforceable debt. The trial court acquitted the 1st respondent, noting the amount was unaccounted and undisclosed to tax authorities. The Court held that unaccounted cash cannot be considered a legally enforceable debt, emphasizing that Section 138 aims to support legitimate commercial transactions. The application for leave was denied, discouraging the misuse of Section 138 for recovering unaccounted funds. en-us Tue, 24 Feb 2009 00:00:00 +0530 Fri, 27 Oct 2023 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295082 The Court rejected the applicant's complaint under Section 138 of the Negotiable Instruments Act, 1881, due to failure to prove the cheque was issued for a legally enforceable debt. The trial court acquitted the 1st respondent, noting the amount was unaccounted and undisclosed to tax authorities. The Court held that unaccounted cash cannot be considered a legally enforceable debt, emphasizing that Section 138 aims to support legitimate commercial transactions. The application for leave was denied, discouraging the misuse of Section 138 for recovering unaccounted funds. Case-Laws Indian Laws Tue, 24 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295082