https://www.taxtmi.com/caselaws?id=754094 Delhi HC quashed complaint under Section 138 NI Act where drawer made part-payment of Rs.7,50,000/- before cheque presentation but payee failed to endorse this payment on the cheque. Court held that under Section 56 NI Act, part-payment must be mandatorily endorsed on cheque before presentation for balance amount. Since cheque was presented for full amount Rs.22,40,000/- without endorsement, it did not represent legally enforceable debt, making essential ingredient for Section 138 offense unfulfilled. Proceedings deemed abuse of process. en-us Tue, 28 May 2024 00:00:00 +0530 Tue, 18 Jun 2024 08:28:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754094 Delhi HC quashed complaint under Section 138 NI Act where drawer made part-payment of Rs.7,50,000/- before cheque presentation but payee failed to endorse this payment on the cheque. Court held that under Section 56 NI Act, part-payment must be mandatorily endorsed on cheque before presentation for balance amount. Since cheque was presented for full amount Rs.22,40,000/- without endorsement, it did not represent legally enforceable debt, making essential ingredient for Section 138 offense unfulfilled. Proceedings deemed abuse of process. Case-Laws Indian Laws Tue, 28 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754094