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Indian Laws - Highlights / Catch Notes

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Dishonor of cheque - The interest payments could not have been ...


High Court Highlights Need for Protective Measures in Cheque Dishonor Case Over Disputed Loan Interest Payments.

June 28, 2021

Case Laws     Indian Laws     HC

Dishonor of cheque - The interest payments could not have been made in a vacuum but in connection with the loan given to the respondent by the petitioner. These facts are sufficient to hold that the petitioner has a prima facie case. The complete denial of the loan by the respondent in its reply to the Notice of Demand of the petitioner, sets off alarm-bells calling for a measure of protection to the petitioner - HC

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