Negotiable Instruments Act, 1881–Sec. 138–Execution of promissory note–Reference up to effect that the cheques are issued as a security and shall be returned when the payments are received within the mentioned period–Whether the cheques issued were meant to discharge, in whole or part “any debt or other liability” within the meaning of Sec. 138 ?–Held, yes–Cheques were to be returned only upon payment of the amount in question–In case, the payment remained unpaid within the stipulated period, there would be no retention for presenting them for before the bank–High Court was not justified in setting aside the findings of conviction.
