Indus Airways Pvt. Ltd. (M/s.) & Ors. vs. Magnum Aviation Pvt. Ltd (M/s.) & Anr. (SC)

Negotiable Instruments Act, 1881–Sec. 138–Cheque issued as an advance payment for the purchase of the goods and for any reason purchase order is not carried to its logical conclusion either because of its cancellation or otherwise, and material or goods for which purchase order was placed is not supplied the cheque cannot be have been drawn of existing debt or liability–No offence would be made out if such cheque is dishonoured.