S. 138 NI Act | Cheque Bounce Case Not Maintainable If Complainant Is Party To Illegal Transaction: Orissa High Court

The Orissa High Court has ruled that a cheque bounce case under Section 138 of the Negotiable Instruments Act is not maintainable if the underlying transaction is illegal. The court clarified that the legality of the transaction is a crucial factor in determining the validity of a cheque bounce case. This decision highlights the importance of ensuring that transactions are lawful and that cheques are issued for legitimate purposes.