Section 140: Defence which may not be allowed in any prosecution under section 138

The Negotiable Instruments Act, 1881

1[Chapter- XVII Of Penalties in case of Dishonour of certain Cheques for insufficiency of funds in the Accounts 

Section 140: Defence which may not be allowed in any prosecution under section 138.

140. It shall not be a defence in a prosecution for an offence under section 138 that the drawer had no reason to believe when he issued the cheque that the cheque may be dishonoured on presentment for the reasons stated in that section.


Reference

1. Ins. by Act 66 of 1988, s, 4 (w.e.f. 1-4-1989).

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