In Brief
Womb Laboratories Pvt. Ltd challenged a High Court order in cheque dishonour proceedings under Section 138 of the Negotiable Instruments Act, 1881. The core dispute centred on whether the cheques were given as security rather than for discharge of an existing debt or liability. The Supreme Court found that the High Court had not properly examined this defence and remanded the matter for the High Court to reconsider on its merits in accordance with the relevant law governing Section 138 cases.
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