https://www.taxtmi.com/caselaws?id=414285 The Supreme Court set aside the High Court's decision and restored the Judicial Magistrate's orders, holding that the complaint under Section 138 of the Negotiable Instruments Act was maintainable. The Court ruled that the dishonored cheques, issued as security, could still be considered for the discharge of a debt if the debt had become due. The case was remanded for trial under Section 138, while dismissing the applicability of Section 420 of the Indian Penal Code. All contentions and defenses were left open for trial court consideration. en-us Thu, 28 Oct 2021 00:00:00 +0530 Fri, 31 Mar 2023 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414285 The Supreme Court set aside the High Court's decision and restored the Judicial Magistrate's orders, holding that the complaint under Section 138 of the Negotiable Instruments Act was maintainable. The Court ruled that the dishonored cheques, issued as security, could still be considered for the discharge of a debt if the debt had become due. The case was remanded for trial under Section 138, while dismissing the applicability of Section 420 of the Indian Penal Code. All contentions and defenses were left open for trial court consideration. Case-Laws Indian Laws Thu, 28 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414285