TMI BlogDishonor of Cheque - Though the defendant has taken a stand that the cheque is issued as a security...Dishonor of Cheque - Though the defendant has taken a stand that the cheque is issued as a security towards the transaction between the plaintiff and the defendant, since the plaintiff is able to establish supply of materials specified in the purchase order and the defendant having failed to establish alleged short supply/delayed supply, assuming that the cheque was issued towards security, then also the said cheque would attract presumption under Section 118 of the Negotiable Instruments Act, 1..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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