Case Law Analysis
|Punjab and Haryana High Court
Section 138 NI Act | Cheque Issued Beyond Limitation Period Cannot Revive Time-Barred Debt : Punjab & Haryana HC
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.