https://www.taxtmi.com/highlights?id=66026 Dishonor of Cheque - enforceable debt at the time of encashment - The first respondent has made part-payments after the debt was incurred and before the cheque was encashed upon maturity. The sum of rupees twenty lakhs represented on the cheque was not the ‘legally enforceable debt’ on the date of maturity. Thus, the first respondent cannot be deemed to have committed an offence under Section 138 of the Act when the cheque was dishonoured for insufficient funds. - SC en-us Thu, 13 Oct 2022 12:29:27 +0530 Thu, 13 Oct 2022 12:29:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66026 Dishonor of Cheque - enforceable debt at the time of encashment - The first respondent has made part-payments after the debt was incurred and before the cheque was encashed upon maturity. The sum of rupees twenty lakhs represented on the cheque was not the ‘legally enforceable debt’ on the date of maturity. Thus, the first respondent cannot be deemed to have committed an offence under Section 138 of the Act when the cheque was dishonoured for insufficient funds. - SC Highlights Indian Laws Thu, 13 Oct 2022 12:29:27 +0530 https://www.taxtmi.com/highlights?id=66026