Search Results for Tag : Cheques

News

Delhi High Court Terms Practice of Collecting 'Undated Cheques' by Excise Dept 'Illegal'(22.05.2017)

Delhi High Court has termed practice of collecting undated cheques from assesses by officials of Anti-Evasion Department of Central Excise ‘illegal’.

Tags : Delhi High Court, Undated Cheques

Supreme Court Refuses to Extend Validity Period of Cheques(15.07.2020)

Supreme Court has refused to extend the period of validity of a cheque, while holding that a decision on the same may be taken by the Reserve Bank of .....

Tags : Supreme Court, Validity Period of Cheques

NCLT: Issue of Post Dated Cheques is Not Unqualified Admission of Debt(15.06.2022)

National Company Law Tribunal (NCLT), Allahabad Bench has held that issuance of post dated cheques cannot be taken to be unqualified admission of debt.....

Tags : NCLT, Negotiable Instruments Act, Post Dated Cheques

Bombay HC: Accept Cheques & Demand Drafts For Bails and Sureties(02.12.2016)

Bombay High Court has issued a notice directing all subordinate Courts in State to begin accepting cheques and demand drafts instead of provisional ca.....

Tags : Bombay High Court, Cheques, Demand Drafts, Bails, Sureties

SC: Return of Cheques Dishonoured Simpliciter doesn’t Create an Offence u/s 138 NI Act, 1881(19.03.2025)

SC has observed that the return of the cheques dishonoured simpliciter does not create an offence under section 138 NI Act, 1881. The cause of action .....

Tags : Supreme Court, Cheques Dishonoured, Section 138

Madras HC Rejects Plea Seeking Direction Against Payment of Interest Towards Seized Travelers Cheque(17.12.2020)

Madras High Court has rejected the plea seeking direction against authority to pay 15% interest towards seized travelers cheques on the ground of undu.....

Tags : Madras High Court, Interest on Seized Travelers Cheques

Delhi HC: Cheques Issued Solely as Security Cannot be Encashed for Any Existing Debt(28.10.2025)

Delhi High Court observed that cheques issued solely for security purposes, and not intended for bank deposit, cannot be encashed to settle any existi.....

Tags : Cheques, Security, Debt

Delhi HC: Post-Dated Cheques Given as Security Attract Section 138 NI Act After Liability Arises(12.11.2025)

Delhi High Court ruled that post-dated cheques issued as security can attract Section 138 of the Negotiable Instruments Act, 1881, if they are dishono.....

Tags : Cheques, Security, Negotiable Instruments Act

NCLAT: Issuing Cheques For Another Entity’s Liabilities Does not Constitute Operational Debt(15.12.2025)

NCLAT, New Delhi, held that issuing cheques for another entity’s dues does not justify insolvency in the absence of a direct contract with the credito.....

Tags : Cheques, Debt, Entity

Supreme Court: Multiple Complaints Are Valid For Dishonour of Several Cheques in One Transaction(12.01.2026)

Supreme Court held that dishonour of multiple cheques from the same transaction creates separate causes of action under Section 138 of the Negotiable .....

Tags : Complaints, Dishonour, Cheques

Judgments

When signatures on cheques had been admitted, presumption would arise that, cheques had been issued towards some legally enforceable debt(17.10.2023)

The instant petition under Section 397 read with Section 401/482 of the Code of Criminal Procedure, 1973 ('Cr.P.C.') has been filed on behalf of petit.....

Tags : Cheques, Issuance, Presumption