https://www.taxtmi.com/caselaws?id=313383 The HC dismissed the petitions seeking to quash complaints and summoning orders under Sec. 138 of the NI Act for cheque dishonor totaling Rs. 25 lacs. The court found the respondent's argument, suggesting the cheques were partial repayment of an unsecured loan, more persuasive. It ruled that the case's merits should be evaluated during trial, permitting the petitioners to present their defenses at that stage. The court upheld the complaints and summoning orders, refraining from commenting on the case's merits, thereby allowing the trial process to proceed. en-us Mon, 18 Feb 2019 00:00:00 +0530 Wed, 10 Apr 2024 08:46:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313383 The HC dismissed the petitions seeking to quash complaints and summoning orders under Sec. 138 of the NI Act for cheque dishonor totaling Rs. 25 lacs. The court found the respondent's argument, suggesting the cheques were partial repayment of an unsecured loan, more persuasive. It ruled that the case's merits should be evaluated during trial, permitting the petitioners to present their defenses at that stage. The court upheld the complaints and summoning orders, refraining from commenting on the case's merits, thereby allowing the trial process to proceed. Case-Laws Indian Laws Mon, 18 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313383