Supreme Court of India

Sampelly Satyanarayana Rao v. Indian Renewable Energy Development Agency Limited

Neutral citation
Bench Dipak Misra and Adarsh Kumar Goel JJ.
Decided 19 September 2016

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.

5 Supreme Court benches have cited this judgment.

From the headnote

Negotiable Jnsn•uments Act, 1881 : s. 138- Dishonour of post-dated cheques given for repayment of loan installment and described as "security" in loan agreement, if covered uls. 138 - Held: ·Applicability of s.138 depends on whether the cheque represents discharge of existing enforceable debt/liability or it represents advance payment without there being-subsisting debt or liability-Thus. i/bJJ the date of the cht;que. liability or debt exists , 'or the ainount becomes legally recoverable, s.138 is attracted and not otherwise.:_ In the instant case, loan was disbursed prioi· io the date of…

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