Revisiting “Legally Enforceable Debt” & “Security” Under The Negotiable Instruments Act, 1881
-Abhinav Shrivastava And Shivang Rawat**
In the recent judgment by the Hon’ble Supreme Court of India – Sunil Todi vs State of Gujarat[1], the Court rendered clarity inter-alia on whether the Court rendered clarity inter-alia on whether the dishonour of cheque furnished as “security” would be covered under the provisions of Section 138 of Negotiable Instruments Act, 1881 (“NIA”). This article highlights certain key aspects with respect to the principle of….
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