Cheque Bounce and Cash Transaction Over Rs. 20,000: Court Denies Quashing of Complaint Under Section 138 N.I. Act - Gauhati High Court

Case Background: In a significant ruling by the Gauhati High Court, the petition filed by Fokhoruddin Ali Ahmed seeking the quashing of a complaint under Section 138 of the Negotiable Instruments Act, 1881 (N.I. Act) was dismissed. The complaint was registered by Akbar Ali for an alleged default on a cheque payment amounting to Rs. 10,00,000/- (Ten Lakhs). The case, which has attracted significant attention, involves a series of legal…