Supreme Court declines to clarify NI Act ruling, leaves state money-lending bars for trial courts

Supreme Court ruling: Supreme Court refuses to clarify Negotiable Instruments Act judgment regarding state money-lending restrictions, leaving enforceability issues for trial courts to decide on merits. New Delhi: The Supreme Court has refused to clarify its earlier judgment on cheque-bounce cases under Section 138 of the Negotiable Instruments Act, holding that the ruling does not automatically override state-specific restrictions on money lending and that parties remain free to raise enforceability objections before.