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2017 (10) TMI 458 - HC - Indian LawsAcquittal of accused under Section 138 of the Negotiable Instruments Act - Held that:- It cannot be said that the accused issued the cheques (Exh.14 to Exh.17) on the given dates to the complainant towards discharge of debt or liability on him. It is, therefore, clear that those cheques were not issued by the accused, in accordance with the provisions under Section 138 of the Negotiable Instruments Act. Section 138 of the Negotiable Instruments Act. In the instant case, the cheques were issued towards security and guarantee and those cheques were not issued for discharge of debt or liability of the accused. Thus, the provisions under Section 138 of the Negotiable Instruments Act are not attracted. The learned trial Judge has rightly acquitted the accused under Section 138 of the Negotiable Instruments Act.
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