Cash Loan Above ₹20,000 Not a Defence to Cheque Bounce: Supreme Court Restores NI Act Rigour

Shine Varghese Koipurathu Vs State of Kerala & Anr. (Supreme Court of India) ₹20,000 Cash Limit under income tax Act Can’t Be Shield Against Cheque Bounce Prosecution- Cash Loan May Invite Penalty, Not Acquittal: SC Restores NI Act Rigour Supreme Court in its order dated 08.12.2025, set aside Kerala High Court judgment which had acquitted accused u/s 138 of the Negotiable Instruments Act solely on the ground that loan of ₹9 lakh was advanced in cash in violation of section 269SS of the Income-tax Act. Trial Court had convicted accused u/s 138 NI Act & awarded one year simple impr...