https://www.taxtmi.com/caselaws?id=751037 The SC held that criminal proceedings under dishonor of cheque cannot be sustained when a civil court has already declared the cheque was issued only for security purposes. Following precedents in Satish Chander Ahuja, Premshanker, and Vishnu Dutt Sharma, the Court ruled that criminal jurisdiction is bound by civil court findings regarding the transaction's nature. Since the civil court determined the cheque was merely security and not for discharge of debt, the criminal proceedings were quashed and damages ordered to be returned to the appellant. en-us Tue, 02 Apr 2024 00:00:00 +0530 Sat, 06 Apr 2024 05:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751037 The SC held that criminal proceedings under dishonor of cheque cannot be sustained when a civil court has already declared the cheque was issued only for security purposes. Following precedents in Satish Chander Ahuja, Premshanker, and Vishnu Dutt Sharma, the Court ruled that criminal jurisdiction is bound by civil court findings regarding the transaction's nature. Since the civil court determined the cheque was merely security and not for discharge of debt, the criminal proceedings were quashed and damages ordered to be returned to the appellant. Case-Laws Indian Laws Tue, 02 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751037