https://www.taxtmi.com/caselaws?id=299841 A prosecution under Section 138 of the Negotiable Instruments Act succeeds only if the dishonoured cheque represents a legally enforceable debt or liability. Where the complainant claimed to be a money lender but produced no money-lending licence, the loan transaction could not be enforced under the Andhra Pradesh (Telangana Area) Money Lenders Act, 1349 Fasli, and the amount advanced was not treated as an enforceable liability for Section 138 purposes. The objection to the statutory notice was not decisive because the absence of a legally enforceable debt remained fatal to the complaint. The acquittal was therefore justified. en-us Tue, 16 Mar 2004 00:00:00 +0530 Fri, 31 Dec 2021 16:44:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299841 A prosecution under Section 138 of the Negotiable Instruments Act succeeds only if the dishonoured cheque represents a legally enforceable debt or liability. Where the complainant claimed to be a money lender but produced no money-lending licence, the loan transaction could not be enforced under the Andhra Pradesh (Telangana Area) Money Lenders Act, 1349 Fasli, and the amount advanced was not treated as an enforceable liability for Section 138 purposes. The objection to the statutory notice was not decisive because the absence of a legally enforceable debt remained fatal to the complaint. The acquittal was therefore justified. Case-Laws Indian Laws Tue, 16 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299841