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2018 (9) TMI 998 - DELHI HIGH COURTDishonor of Cheque - case of appellant is that the Cheque id given just for security and is not meant to be honored - Held that:- The contention of the appellant-defendant that the cheques were given as mere security and were not meant be honoured on presentation again does not impress us. The cheques issued were not to be kept in a show-case and were meant to be honoured on presentation. The e-mails placed on record show that the appellant-defendant had not disputed its liability to pay, albeit the appellant-defendant was praying for time as they were facing a liquidity crunch and waiting for certain deals to come through. These e-mails do not, in our opinion, furnish any reason and ground for grant of leave to the appellant-defendant. Appeal dismissed.
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