Borrower Received Loan in Cash is Liable for Dishonour of Cheques Issued Towards Repayment Even if the Loan Amount Was Beyond the Permissible Limit for Cash Transactions Under the Income Tax Act.: Bombay HC
In a significant legal development, the Bombay High Court, Criminal Appellate Jurisdiction, delivered a verdict in Criminal Appeal of 2009, overturning the acquittal of the accused in a cheque bounce case. The case involved Arti Rajesh Karangutkar, the appellant/original complainant, and Anna Rocky Fernandes, the respondent/original accused. The appellant had extended a friendly loan of
To Read More Please Subscribe to VIP Membership for Unlimited Access to All the Articles, Download Available Copies of Judgments/Order, Acess to Central/State Bare Acts, Advertisement Free Content, Access to More than 4000 Legal Drafts( Readymade Editable Formats of Suits, Petitions, Writs, Legal Notices, Divorce Petitions, 138 Notices, Bail Applications etc.) in Hindi and English.
