https://www.taxtmi.com/caselaws?id=443740 A cheque issued in an admitted property transaction remained enforceable under the Negotiable Instruments Act despite the defence that the underlying acknowledgment reflected undervalued consideration and stamp-duty evasion. The court treated the acknowledgment as part of the parties' mutual arrangement and held that the drawer, having benefited from that arrangement and issued the cheque towards the liability, could not deny enforceability on the basis of the alleged illegality in the documentation. On the facts, the cheque dishonour prosecution satisfied the statutory requirements, and the conviction was upheld. en-us Tue, 12 Sep 2023 00:00:00 +0530 Sat, 30 Sep 2023 08:26:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443740 A cheque issued in an admitted property transaction remained enforceable under the Negotiable Instruments Act despite the defence that the underlying acknowledgment reflected undervalued consideration and stamp-duty evasion. The court treated the acknowledgment as part of the parties' mutual arrangement and held that the drawer, having benefited from that arrangement and issued the cheque towards the liability, could not deny enforceability on the basis of the alleged illegality in the documentation. On the facts, the cheque dishonour prosecution satisfied the statutory requirements, and the conviction was upheld. Case-Laws Indian Laws Tue, 12 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443740