TMI BlogDishonor of Cheque - insufficiency of funds - The offences under Section 138 of the Act, in fact, though...Dishonor of Cheque - insufficiency of funds - The offences under Section 138 of the Act, in fact, though is criminal in nature, but, it has an element of enforcing negotiable instruments to ensure free and fair transactions. It has an element of civil liability, as well. Admittedly, both the parties had their business dealings. It is also admitted that, in fact, in the past, the respondent had paid certain amounts to the appellant - As stated, in the instant case, parties were in business dealin..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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