https://www.taxtmi.com/caselaws?id=758996 Delhi HC dismissed petition seeking quashing of summoning order in dishonour of cheque case under Section 138 NI Act. Petitioner admitted issuing two cheques which were dishonoured due to insufficient funds but claimed they were security cheques to be encashed only if pledged goods weren't delivered. Court held petitioner's contentions regarding security nature of cheques and incorrect ledger accounts were defence matters requiring proof during trial, not grounds for quashing proceedings. en-us Thu, 12 Sep 2024 00:00:00 +0530 Mon, 23 Sep 2024 09:10:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758996 Delhi HC dismissed petition seeking quashing of summoning order in dishonour of cheque case under Section 138 NI Act. Petitioner admitted issuing two cheques which were dishonoured due to insufficient funds but claimed they were security cheques to be encashed only if pledged goods weren't delivered. Court held petitioner's contentions regarding security nature of cheques and incorrect ledger accounts were defence matters requiring proof during trial, not grounds for quashing proceedings. Case-Laws Indian Laws Thu, 12 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758996