https://www.taxtmi.com/caselaws?id=417335 Repossession and sale of a vehicle under a hire purchase arrangement may determine the arrangement and remove the subsisting legally enforceable debt required for cheque-dishonour proceedings. Where the financier repossesses the vehicle before filing a complaint and subsequently sells it, a cheque presented thereafter may not be regarded as issued towards an enforceable liability. Failure of consideration is relevant because an instrument without consideration, or where consideration subsequently fails, creates no payment obligation between the parties. Criminal proceedings for cheque dishonour may consequently be unsustainable unless an enforceable debt remains after repossession. en-us Wed, 01 Dec 2021 00:00:00 +0530 Fri, 21 Jan 2022 08:50:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417335 Repossession and sale of a vehicle under a hire purchase arrangement may determine the arrangement and remove the subsisting legally enforceable debt required for cheque-dishonour proceedings. Where the financier repossesses the vehicle before filing a complaint and subsequently sells it, a cheque presented thereafter may not be regarded as issued towards an enforceable liability. Failure of consideration is relevant because an instrument without consideration, or where consideration subsequently fails, creates no payment obligation between the parties. Criminal proceedings for cheque dishonour may consequently be unsustainable unless an enforceable debt remains after repossession. Case-Laws Indian Laws Wed, 01 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417335