Cheque Bounce- Whether 138 is Attracted only if Debt is incurred on or before the date of cheque? Answers Supreme Court

On Friday, the Supreme Court held that Section 138 of the Negotiable Instruments Act is invoked even when debt is incurred after the cheque is drawn but before it is encashed.  The true purpose of Section 138 would not be served if the term “debt or other liability” is interpreted to include only debts that

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