Asked in Banking
Dear Sir, Such things being happening due to no question being asked to such big companies. Send details to me I will issue notice and call for their explanation for your mental torture.
In the case of M.M.T.C. Ltd. v. Medchl Chemicals and Pharma (P) Ltd., (*Phone*SCC 234, the Supreme Court has held as under: “ … It has been held that even though the cheque is dishonoured by reason of “stop-payment†instruction an offence under Section 138 could still be made out. It is held that the presumption under Section 139 is attracted in such a case also. The authority shows that even when the cheque is dishonoured by reason of stop-payment instructions by virtue of Section 139 the court has to presume that the cheque was received by the holder for the discharge, in whole or in part, of any debt or liability.
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