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The High Court acquitted the accused of the offence u/s 138 of the NI Act due to failure to prove a legally recoverable debt. The complainant's evidence did not align with the transaction details in the hire purchase agreement. The accused claimed full payment per the agreement, refuting any outstanding amount. The court found the accused successfully rebutted statutory presumptions, leading to the dismissal of the appeal.
The High Court acquitted the accused of the offence u/s 138 of the NI Act due to failure to prove a legally recoverable debt. The complainant's evidence did not align with the transaction details in the hire purchase agreement. The accused claimed full payment per the agreement, refuting any outstanding amount. The court found the accused successfully rebutted statutory presumptions, leading to the dismissal of the appeal.
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