Delhi High Court has held that an instrument cannot be termed as a 'Cheque' if it does not specify a certain amount of money to be paid to a certain person. Thus, if the amount written on the instrument is 'absurd', the same cannot be called a 'cheque' and will not draw any legal consequences under the Negotiable Instruments Act....

The issue under consideration is whether in case of default of TDS in company can the Managing Director of the company held responsible for the same?...