Section 138 NI Act Complete Guide | Cheque Bounce Law Explained
Watch Episode 8 of Law Made Easy by SCC Times and understand how cheque bounce becomes a criminal offence under Section 138
ChequeBounceCase
Andhra Pradesh High Court upholds acquittal in Section 138 NI Act Case as no legally enforceable debt found on loan of ₹3 lakhs
The dispute arose from a ₹3 lakh loan allegedly given by the complainant to the accused. The cheque issued for repayment bounced due to insufficient funds.
Andhra Pradesh High Court quashes NI Act proceedings due to invalid cheque issued from merged bank
Andhra Pradesh High Court quashed proceedings under Section 138 NI Act, ruling that the dishonor of a cheque issued on a State Bank of Hyderabad account, rendered invalid due to the bank’s merger with SBI and expiry of its validity in March 2018, does not attract liability under the NI Act.