Apex Court convicts accused for dishonoring of cheques issued for commodities purchased on credit

FEMA, Banking & Insurance : Where appellant-complainant had been supplying commodities and rice bags to respondent-accused and respondent-accused issued various cheques which when presented for collection were dishonoured, it was held that even though complaint filed under section 138 against accused contained no specific averments that cheques were issued for purchase made on credit, in his evidence, prime witness clearly stated that cheques were issued for commodities purchased on credit and,

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