encash the
cheques for any reasons, whatsoever, or any of the cheque becomes
invalid or not encashable, it shall constitute a material breach of this
were to be allotted on encashment of the cheque. The admitted fact is that the cheque was encashed only on 3.8.2005. The return of allotment ... cash had been received is invalid. The cases cited by the counsel for the respondents that receipt of cheque is equivalent to receipt of cash
Dcit Cen Cir 4(2), Mumbai vs Sudhakar M. Shetty, Mumbai on 29 August, 2018
from the Financial Creditor, the Corporate
Debtor handed over the post-dated cheque of Rs.25,00,000/- (Rupees
Twenty Five Lakh Only) dated 09th ... liable to pay interest @ 15% per annum; the
cheque relied upon by the Financial Creditor is invalid because it was given
as a security
date of first realisation of cheque is 04.02.2015 which
would date back to the date of issue of cheque which is 15.12.2014.
Thus ... cheque as mentioned in the
Agreement to sell i.e., 15.12.2014.
25. The late realization of cheque does not in any way
invalidate / negate
period or the mode of payment (cash/
cheque) in the seized document does not invalidate its evidentiary value,
because section
period or the mode of payment (cash/
cheque) in the seized document does not invalidate its evidentiary value,
because section
period or the mode of payment (cash/
cheque) in the seized document does not invalidate its evidentiary value,
because section
action against them for the recovery of the amount, (6) the cheque dt. 11th Sept., 1995 of ASTL was deposited in the bank on 15th ... after the expiry of six months and the cheque had become invalid, (7) the assessee did not initiate legal proceedings for breach of contract
holder of a forged cheque, to establish good faith there must not only be an absence of knowledge of any invalidity, but an absence