https://www.taxtmi.com/caselaws?id=754100 The Calcutta HC rejected defendant's prayer for unconditional leave to defend in a cheque dishonour case involving insufficient funds. Defendant's sole defense that cheques were issued as security and plaintiff illegally withheld title deeds causing damages was deemed illusory and sham. Court granted decree favoring plaintiff for Rs. 7,23,63,548/- plus 12% per annum interest on Rs. 4,05,00,000/- from April 13, 2017 until realization. Application allowed. en-us Thu, 13 Jun 2024 00:00:00 +0530 Mon, 17 Jun 2024 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754100 The Calcutta HC rejected defendant's prayer for unconditional leave to defend in a cheque dishonour case involving insufficient funds. Defendant's sole defense that cheques were issued as security and plaintiff illegally withheld title deeds causing damages was deemed illusory and sham. Court granted decree favoring plaintiff for Rs. 7,23,63,548/- plus 12% per annum interest on Rs. 4,05,00,000/- from April 13, 2017 until realization. Application allowed. Case-Laws Indian Laws Thu, 13 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754100