NI Act - Presumption Under Section 139 Applies To Guarantor Cheques Also : Kerala HC [Read Judgment]

The High Court of Kerala has held that the presumption under Section 139 of Negotiable Instruments Act applies even to a cheque issued by a guarantor.The Court held that a guarantor's cheque is also a cheque regarded under Section 138 of the Negotiable Instruments (NI) Act, 1881, as it is being issued in discharge of legally enforceable debt. Nowhere in the Section 138 it is said that...