Cash Loan of ₹20,000 or More Cannot Be Enforced Through Cheque Bounce Case: Kerala High Court Ruling Explained
In a landmark ruling that has significant implications for cheque bounce cases across India, the Kerala High Court has held that cash loans of ₹20,000 or more, given in violation of the Income Tax Act, cannot be automatically treated as “legally enforceable debts” under Section 138 of the Negotiable Instruments Act, 1881. The judgment clarifies […]