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Cheque Dishonor: Legal Enforceability of Debt Essential for Criminal Liability Under Negotiable Instruments Act.

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Full Text of the Document

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....Dishonour of Cheque - Legally enforceable debt or not - The explanation to Section 138 of the Negotiable Instruments Act defines the expression “debt or other liability” as a legally enforceable debt or other liability. Unless the two conditions set out in Section 138 of the Act are satisfied, no criminal liability can be fastened. - HC....

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