https://www.taxtmi.com/caselaws?id=466582 A cheque drawn on an account of an erstwhile bank presented after the date on which that bank publicly ceased honouring its cheques is invalid for purposes of the condition precedent requiring presentation within the cheque's period of validity; therefore dishonour in such circumstances does not attract criminal liability under the negotiable instruments regime. The legal basis is that presentation within the period of validity is essential and expiry caused by a bank merger/public notice defeats that condition, and rules treating a cheque as drawn on a particular date do not cure invalidity arising from expiry of honour. en-us Wed, 05 Jun 2024 00:00:00 +0530 Fri, 13 Feb 2026 09:18:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466582 A cheque drawn on an account of an erstwhile bank presented after the date on which that bank publicly ceased honouring its cheques is invalid for purposes of the condition precedent requiring presentation within the cheque's period of validity; therefore dishonour in such circumstances does not attract criminal liability under the negotiable instruments regime. The legal basis is that presentation within the period of validity is essential and expiry caused by a bank merger/public notice defeats that condition, and rules treating a cheque as drawn on a particular date do not cure invalidity arising from expiry of honour. Case-Laws Indian Laws Wed, 05 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466582