security cheques drawn in his
favour, upon the installments being paid- to hold that the cheques in
question were "security cheques;" and were ... returned and, thus, the appellant proceeded to enforce
the security by presenting the three security cheques
submits that in Beena Shabeer (supra), the Supreme
Court held that security cheques would fall within the purview of Section ... forthcoming, the
security cheques were considered as consideration towards
supply of goods, and the respondent would bank the cheques.
The cheques in question had similarly
full amount, HMT
Watches Ltd. has to return 57 Nos. security
cheques held by them to M/s Swiss Time
Agencies ... 2367 of 2008
-:17:-
watches Ltd. has to return 57 Nos. security cheques held by them to
M/s Swiss Time Agencies, Ernakulam". From
stated
that he had handed over cheques in question as blank signed cheques for
the purpose of security as he had to purchase seven ... demand
draft or alleging that the cheques in question were given as blank
cheques, towards security. No notice was sent by the respondent/accused
Complainant has alleged that the Petitioner committed forgery by
using blank security cheques given under an Agreement dated 12.02.2015
for the purchase of landline phones ... claimed that these blank Security
Cheques have been forged as the amounts have been filled by the Petitioner
for the alleged amount
that the signed cheques were handed over by
the accused to the complainant. The cheques were
given by way of security, is a matter ... returned, the
cheques could be encashed. The High Court held that the cheques
were given only by way of security and therefore not towards
Letter dated 23.07.2009, in terms of which
Petitioner Company, gave 30 security cheques of Rs.50,00,000/- each, with
a Letter of Undertaking ... Security Cheques in
the year 2009, pursuant to the Sanction Letter dated 23.07.2009, in favour of
the Complainant, IFCI Factors Limited.
Cheques were Security Cheques
cheques for encashment, to
the Bank.
24. It is further submitted that even if the cheques in question were issued
as security, they were issued ... security cheques,
given merely for the purpose of showing them to the Banks, not for any
consideration.
Whether the Cheques in question were security Cheques
another blank Cheque No. 579702, as non-CTS security cheques in 2002,
were given by Petitioner No. 1 in 2009, pursuant to Stockist Agreement with ... year 2009
while these two cheques remained since they were blank signed cheques
given by the Petitioners towards security.
37. The entire transaction
issued the cheques under his
signatures. This plea of the revision petitioner that the cheques were issued
as security, was rightly rejected by the Courts ... lakhs each given as security. It was after this suit
that complainant deposited 8 security cheques for payment with their
banker. This flattens the plea
