Failure of the Cheque Holder to Record a Loan in Books/ITR will not by itself render the loan unenforceable under section 138 of NI Act: Bombay Hc

In a legal development, the Bombay High Court, Nagpur Bench, has delivered a noteworthy judgment clarifying the enforceability of cases related to dishonored cheques and the applicability of various legal provisions.  The case in question, Prakash Madhukarrao Desai versus Dattatraya Sheshrao Desai, has raised important questions about the validity of transactions not reflected in the

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