Upgrade to AI Tools ✕

We've upgraded AI Tools on TaxTMI with two powerful modes:

1. Basic
• Quick overview summary answering your query with references• Category-wise results to explore all relevant documents on TaxTMI

2. Advanced
• Includes everything in Basic
• Detailed report covering:
     - Overview Summary
     - Governing Provisions [Acts, Notifications, Circulars]
     - Relevant Case Laws
     - Tariff / Classification / HSN
     - Expert views from TaxTMI
     - Practical Guidance with immediate steps and dispute strategy

• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.Help Us Improve - by giving the rating with each AI Result:

Call Us / Help / Feedback✕

TMI Blog

Home /

Previous Next

Cheque Dishonour Requires Willful Default, Not Forced Inoperability Under Section 138 of NI Act

X X X X Extracts X X X X

Full Text of the Document

X X X X Extracts X X X X

....HC held that under Section 138 of the NI Act, a cheque's dishonour does not automatically constitute an offence. In this case, the petitioner's bank account was provisionally attached by CGST authorities, rendering it inoperable. Since the account was frozen and the petitioner could not access or maintain funds, the essential ingredients of Section 138 were not satisfied. Consequently, the court allowed the petition and quashed the summoning order, recognizing that account attachment prevents the account holder from maintaining sufficient funds for cheque payment.....

Previous Next

Contact Us At :

FAQs :

Most Asked Video Tutorials :

Submit Feedback/Suggestion :

Cheque Dishonour Requires Willful Default, Not Forced Inoperability Under Section 138 of NI Act