Issuing Bounced Cheques Attracts Penal Consequences Under Section 138 Of Negotiable Instruments Act

In a recent judgment, a court in Delhi has convicted Kalim Ahmad under Section 138 of the Negotiable Instruments Act (NI Act), for issuing a cheque that was dishonored due to insufficient funds. This case underscores the importance of adhering to financial obligations and the legal consequences of defaulting on payments through cheques. Case Background and Key Arguments: The Complainant, Rajab Ali, filed a case against Kalim Ahmad, alleging that…