Whether security cheque covered under S.138 of NI Act ?

A cheque issued as security in respect of a contingent liability would not be maintainable u/s 138 of NI Act ; and at the same time , the issue remains for examination is -each case to be examined case-by-case , and on date of presentation of the cheque debt or liability crystallized or not is the crucial question of law. 2015 (151) DRJ 147.







Whether security cheque covered under S.138 of NI Act ? - Legal Aspiration