Bank not responsible for dishonour of cheque issued by its Customer

HDFC Bank Ltd. Vs Baklai Siej (Meghalaya High Court) The essential ingredients of the offence under Section 138 ofg N.I. Act,can be said to be the following:- (i) that a cheque was drawn by a person on an account maintained by him for payment of money to another for the discharge of any debts or liabilities; (ii) that the said cheque has been presented to the bank of the drawee within a period of three months; (iii) that the cheque was returned by the bank unpaid due to insufficiency of funds or that it exceeds that amount arranged to be paid from that account by an agreement made by the bank...