Cheque Issued For Existing Debt Attracts Section 138 NI Act Offence Even If Given As Security Or Filled By Payee: Himachal Pradesh High Court

The High Court of Himachal Pradesh, presided over by Justice Rakesh Kainthla, has held that a cheque issued towards an existing loan liability attracts criminal liability under Section 138 of the Negotiable Instruments Act, 1881 (NI Act), even if the drawer claims it was given as a security cheque, filled in by the payee, or

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