Negotiable Instruments Act 1881, S. 138 – If a cheque is issued to secure repayment of debt or liability and if the debt is not discharged and if on the date of presentation of the cheque, the liability to pay the amount exists and if the said cheque dishonours upon presentation, the consequences contemplated under Section 138 of N.I.Act would follow.
The case Radhakrishnan v. Kerala Agro Industries Corporation Ltd 2025 (Crl.Rev.Pet No. 1340 of 2019) ( KLT OnLine 2063) Decided on 29th May 2025 , Hon’ble Mr. Justice M.B.