Friday, March 19, 2010

Dishonour of cheque — Blank cheques — Security.

Dishonour of cheque — Blank cheques — Accused issued the cheque in question as security for loan before loan amount was disbursed — Cheque was not towards any existing debt or liability but as a collateral security for loan — Accused entitled to acquittal. (2010 (3) LJSOFT (URC) (AUR) 18)

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