Whether Dishonour of Security Cheque Attracts Section 138 NI Act? Know Here

Recently, a Delhi Court ruled that merely because the cheques were issued as security it will not save the accused from the clutches of law u/s 138 of the Negotiable Instruments Act, if it is admitted that the loans were taken against the cheque. Metropolitan Magistrate Ritika Kansal of North West Rohini Court Delhi reiterated

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