Connect with Siddharth Shukla, Advocate Legal Insights The Madhya Pradesh High Court recently addressed whether a cheque issued as “security” for a loan exempts a borrower from criminal liability under Section 138 of the Negotiable Instruments (N.I.) Act. In the case of Ramesh Kumar Mehra vs. Anand Malviya, the Court overturned an acquittal, ruling that a security cheque matures into…
