Cheque Liability Legalities

Summary

Section 138 of the NI Act requires a cheque to be issued for an existing debt. A future contingent liability means the debt is not yet due. For Mr. Rajeev Narayan, argue that such cheques are not enforceable by highlighting case law supporting this view. For Zenith Technologies, argue that the cheque implies a promise to pay, creating a presumption of enforceable debt. Cite cases where courts have upheld such cheques under Section 138.

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and how can i argue zenith technologies for the same issue
To argue for Zenith Technologies on whether a cheque issued for a future contingent liability constitutes a legally enforceable debt under Section * of the NI Act, consider these points:
- Emphasize that the cheque was issued as part of a contractual obligation, suggesting an implied promise to pay.
- Argue that the issuance of a cheque creates a presumption of a legally enforceable debt or liability.
- Cite cases where courts have treated such cheques as enforceable under Section *.
Would you like more detailed case references for this argument?