https://www.taxtmi.com/caselaws?id=332505 Once issuance of the cheque, its dishonour for account closed, service of statutory notice and non-payment were established, the ingredients of Section 138 of the Negotiable Instruments Act were satisfied and the presumption under Section 139 operated in favour of the cheque-holder. The accused failed to rebut that presumption on record, and objections based on absence of a money-lending licence, non-disclosure in income-tax returns, mental disorder, and compromise were not accepted as defeating statutory liability, particularly where some pleas were unraised below. The conviction under Section 138 was upheld and the revision was not entertained. en-us Wed, 13 Jul 2016 00:00:00 +0530 Mon, 19 Sep 2016 11:26:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332505 Once issuance of the cheque, its dishonour for account closed, service of statutory notice and non-payment were established, the ingredients of Section 138 of the Negotiable Instruments Act were satisfied and the presumption under Section 139 operated in favour of the cheque-holder. The accused failed to rebut that presumption on record, and objections based on absence of a money-lending licence, non-disclosure in income-tax returns, mental disorder, and compromise were not accepted as defeating statutory liability, particularly where some pleas were unraised below. The conviction under Section 138 was upheld and the revision was not entertained. Case-Laws Indian Laws Wed, 13 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332505