#legal enforceability

The Punjab & Haryana High Court ruled that a cheque issued for a debt that became time-barred under the Limitation Act cannot revive legal enforceability under Section 138 of the NI Act. The court quashed the complaint, emphasizing that no acknowledgment of liability was made within the three-year limitation period, rendering the debt unenforceable.

Madras High Court upholds conviction under Section 138 NI Act, ruling that cheques issued post-partnership dissolution retain statutory presumption of liability if they discharge a pre-existing debt. The Court affirmed compensation of Rs. 16.72 lakh, ordering 50% release to the complainant, reinforcing that unregistered dissolution documents do not invalidate the debt.