Negotiable Instruments Act, 1881, Section 138 - Guarantor - Presumption of consideration under Section 139 of the N.I.Act accrues to guarantor cheques also - Cheque issued by a guarantor is also a cheque regarded by Section 138 of the N.I.Act as one being issued in discharge of legally enforceable debt - Section 138 of the N.I.Act nowhere provides that cheque drawn should be in discharge of drawer's liability alone - It could be in discharge of "any debt or other liability"

2019 SCeJ 1065 (Ker.)