SangsLegal News The dishonor of a cheque provided as a security is deemed to fall under Section 138 of the Negotiable Instruments Act: Delhi High Court

The Delhi High court has recently held that the dishonor of a cheque provided as a security is deemed to fall under Section 138 of the Negotiable Instruments Act. The court further held that instances where cheques are dishonored with reasons such as "payment stopped" or " replica borse account closed" also come under the purview of this provision.