Supreme Court Sets Aside Conviction In S.138 NI Act Case Based On Civil Court's Declaration That Cheque Was Only For Security
New Delhi, April 02, 2024: In a significant ruling, the Supreme Court of India, under the Criminal Appellate Jurisdiction, addressed the conflict between civil and criminal proceedings in cases of dishonored cheques under Section 138 of the Negotiable Instruments Act, 1881. Background: The case involved Prem Raj as the appellant and Poonamma Menon & Anr. as the respondents. The dispute arose from a transaction where Prem Raj borrowed Rs.2,00,000 from…
