Dishonor of cheque case acquittal; cheque as collateral security, not debt payment. Payee wrongly issued notice.
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....Dishonor of cheque case where accused was acquitted. Cheque given as collateral security, not towards debt. Drawee passed away before cheque clearance. Complainant posed as payee/holder issued notice u/s 138 of NI Act. Trial court rightly acquitted accused after considering evidence and relevant decisions. No offense u/s 138 attributable. High Court in agreement with trial court's findings, no infirmity or perversity in acquittal order. Appeal dismissed as devoid of merits.....


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