Cheque Dishonour Conviction Upheld in Loan Default Case Under Section 138 NI Act: Himachal Pradesh High Court
The Himachal Pradesh High Court delivered an important judgment on 25.03.2026 in a cheque dishonour case under Section 138 Negotiable Instruments Act. The case involved Daulat Ram, who had taken a loan of ₹1,50,000 from H.P. State Co-Operative Agriculture & Rural Development Bank. Due to default in repayment, the accused issued a cheque of ₹75,985 to regularise the loan account. However, the cheque was dishonoured due to insufficient funds, leading…