Sec. 138 of Negotiable Instruments Act, 1881 : Supreme Court Explains the Legal Position

 Sec. 138 of Negotiable Instruments Act, 1881 : Supreme Court Explains the Legal Position

An important Judgment was passed by Hon'ble Supreme Court on 10 October 2007.

In context of Negotiable Instruments Act, 1881, it has been commented in K. Prakashan v P.K. Surenderan [2007] GCtR 3013 (SC) that "the Act raises two presumptions; firstly, in regard to the passing of consideration as contained in Section 118 (a) therein and, secondly, a presumption that the holder of cheque receiving the same of the nature referred to in Section 139 discharged in whole or in part any debt or other liability."

Kindly note that full text Judgments of Hon'ble Supreme Court can be downloaded absolutely free of cost (without any charges except internet data) from the official website at the link 

 https://main.sci.gov.in/judgments

Then entering the date of Judgment, for example, as 10 October 2007.

Written by 

Vishal

Delhi

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