S.138 NI Act | Cheques Given ‘For Security Purpose Only’ As Per MOU Cannot Be Encashed for Subsequent Liability: Delhi High Court

The High Court of Delhi, in a judgment pronounced on October 27, 2025, quashed five criminal complaints filed under Section 138 of the Negotiable Instruments Act, 1881 (N.I. Act). Justice Neena Bansal Krishna, hearing petitions filed under Section 482 of the Code of Criminal Procedure (Cr.P.C.), concluded that the cheques in question were issued purely

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