Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
Insolvency moratorium does not shield company officers from cheque dishonour prosecution for liability arising before corporate insolvency proceedings...
Absence of a money-lending licence does not by itself defeat a cheque-dishonour prosecution, but the complainant must still prove the foundational loan transaction once consideration is put in issue. On the facts discussed, the complainant could not give the particulars of the alleged loan, the date of disbursement, or the agreed interest, and produced no contemporaneous record of funds movement. The defence that signed blank cheques were issued in an existing professional and business relationship was treated as probable and sufficient to rebut the Section 139 presumption on a preponderance of probabilities. The trial court's view that no legally enforceable debt was proved was held to be a plausible one, so appellate interference with the acquittal was not warranted.
Absence of a money-lending licence does not by itself defeat a cheque-dishonour prosecution, but the complainant must still prove the foundational loan transaction once consideration is put in issue. On the facts discussed, the complainant could not give the particulars of the alleged loan, the date of disbursement, or the agreed interest, and produced no contemporaneous record of funds movement. The defence that signed blank cheques were issued in an existing professional and business relationship was treated as probable and sufficient to rebut the Section 139 presumption on a preponderance of probabilities. The trial court's view that no legally enforceable debt was proved was held to be a plausible one, so appellate interference with the acquittal was not warranted.
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