https://www.taxtmi.com/highlights?id=34240 The offence u/s 138 of the NI Act though technical, is punitive in nature. Hence, once the accused had rebutted the initial presumption it was imperative upon the complainant to prove beyond reasonable doubt that the cheques were issued towards the existing debt or liability - HC en-us Mon, 10 Apr 2017 10:20:25 +0530 Mon, 10 Apr 2017 10:20:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=34240 The offence u/s 138 of the NI Act though technical, is punitive in nature. Hence, once the accused had rebutted the initial presumption it was imperative upon the complainant to prove beyond reasonable doubt that the cheques were issued towards the existing debt or liability - HC Highlights Indian Laws Mon, 10 Apr 2017 10:20:25 +0530 https://www.taxtmi.com/highlights?id=34240