Security Cheque Agreement Format

The SC decided that the criminal liability of the accused under Section 138 NI Act is drawn in memory only for the dishonesty of a cheque that was issued for the performance of a liability or debt, but not because of the issue as a security cheque. The court also ruled: “The shame of a cheque that was made for the execution of subsequent liability is clearly covered by the law in question. In determining the applicability of section 138 of the Act, it is essential to know whether the cheque constitutes relief for existing debt or enforceable liabilities or whether it constitutes an advance payment without existing debts or debts. .