Negotiable Instruments Act, 1881— S. 138 and S. 56 r/w S. 15 — Loan transaction — Issuance of cheque as security — Effect of part-payment of debt prior to presentation of cheque for encashment
Held, For attracting S. 138, as per proviso (b) a demand notice demanding the “the said amount of money” needs to be made by the drawee of the cheque (Para…