Negotiable Instruments Act, 1881, Section 138,139,141

Negotiable Instruments Act, 1881, Section 138,139,141 -- Dishonour of cheque - Company - Accused took loan and four Directors issued cheque in discharge of liability which was dishonoured - No material on record evidencing either payment of loan amount or mode of payment - No evidence produced that cheque was issued in discharge or loan liability - Company and its Managing Director not arrayed as accused - Defence version that blank cheques were removed from company premises seemed probable - Accused acquitted. File Number = 28956 - updated on Tue, 13 Nov 2012 12:30:12 +0530