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2018 (2) TMI 2022 - HC - Indian LawsDishonor of Cheque - insufficiency of funds - acquittal of accused - legally recoverable debt or not - Section 138 of the Negotiable Instruments Act, 1881 - HELD THAT:- There is no illegality committed by the Trial Court, which calls for interference. It is to be seen that the cheque was not issued by the accused – respondent towards a legally recoverable debt. It was issued as a security for the loan which he had borrowed from the complainant. There are no no infirmity in the judgment of acquittal rendered by the Trial Court. Hence, there is no necessity to revisit the impugned judgment - appeal dismissed.
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