Supreme Court of India

M/s. Indus Airways Pvt. Ltd. & Ors. v. M/s. Magnum Aviation Pvt. Ltd. & Anr.

Neutral citation
Reported as [2014] 5 S.C.R. 56
Bench R.M. Lodha and Shiva Kirti Singh JJ.
Decided 7 April 2014

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

4 Supreme Court benches have cited this judgment.

From the headnote

Negotiable Instruments Act, 1881 - s. 138 - Post-dated cheques issued by purchasers as advance payment in respect of purchase orders - If could be considered in discharge of legally enforceable debt or other liability, and, if so, whether dishonour of such cheques amounts to offence u/s. 138 - Held: For a criminal liability to be made out u/s.138, there should be legally enforceable debt or other liability subsisting on the date of drawal of the cheque - Payment by cheque in the nature of advance payment indicates that at the time of drawal of cheque, there was no existing liability - If a

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