Sampelly Satyanarayana Rao vs. Indian Renewable Energy Development Agency Ltd. (SC)

Negotiable Instruments Act, 1881–Sec. 138–Quashment of complaint–Declined–Post dated cheques were given against the partial repayment of the loan–Once the issuance of cheque and signatures thereon are found admitted, the presumption of a legally enforceable debt in favour of the holder of the cheque would arise–Accused is to rebut it–A post dated cheque is a well recognized mode of payment–Interference declined.