https://www.taxtmi.com/caselaws?id=427668 Section 138 of the Negotiable Instruments Act applies only when a cheque is issued towards a legally enforceable debt or other liability. Where the underlying transaction had arisen years earlier and no acknowledgment was made within limitation to extend time under Section 18 of the Limitation Act, the debt had become time-barred before the cheque was issued. A cheque issued for such a time-barred liability cannot satisfy the statutory requirement of enforceability, so the complaint lacked an essential ingredient of Section 138 and the summoning order could not be sustained. en-us Tue, 06 Sep 2022 00:00:00 +0530 Wed, 14 Sep 2022 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427668 Section 138 of the Negotiable Instruments Act applies only when a cheque is issued towards a legally enforceable debt or other liability. Where the underlying transaction had arisen years earlier and no acknowledgment was made within limitation to extend time under Section 18 of the Limitation Act, the debt had become time-barred before the cheque was issued. A cheque issued for such a time-barred liability cannot satisfy the statutory requirement of enforceability, so the complaint lacked an essential ingredient of Section 138 and the summoning order could not be sustained. Case-Laws Indian Laws Tue, 06 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427668