Dishonour Of Cheque Issued For Discharge Of Later Liability Clearly Covered By Negotiable Instrument Act: Chhattisgarh HC [Read Order]

Chhattisgarh High Court held in Madan Tiwari v. Yashwant Kumar Sahu & Anr that dishonour of cheque issued for discharge of later liability is clearly covered by the Negotiable Instrument Act, 1881. Bench of Justice Rajani Dubey said further that cheques undoubtedly represent the outstanding liability. That once the loan is disbursed and installments fall due on the date of the cheque as...