https://www.taxtmi.com/caselaws?id=233454 The Supreme Court upheld the High Court's acquittal of the respondent in a case concerning a dishonored cheque. The High Court found that the cheque was issued as security for milk supply, not for loan repayment, rebutting the presumptions under Sections 118 and 139 of the N.I. Act. The respondent successfully proved that the cheque was not for a lawful debt, shifting the burden from the complainant. The Supreme Court affirmed the High Court's decision, citing inconsistencies in the complainant's case and the respondent's credible defense, ultimately dismissing the appeal and confirming the respondent's acquittal. en-us Thu, 07 Feb 2013 00:00:00 +0530 Wed, 06 Sep 2017 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233454 The Supreme Court upheld the High Court's acquittal of the respondent in a case concerning a dishonored cheque. The High Court found that the cheque was issued as security for milk supply, not for loan repayment, rebutting the presumptions under Sections 118 and 139 of the N.I. Act. The respondent successfully proved that the cheque was not for a lawful debt, shifting the burden from the complainant. The Supreme Court affirmed the High Court's decision, citing inconsistencies in the complainant's case and the respondent's credible defense, ultimately dismissing the appeal and confirming the respondent's acquittal. Case-Laws Indian Laws Thu, 07 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233454