https://www.taxtmi.com/caselaws?id=344381 Where execution of the cheque and the complainant's status as payee were admitted, the statutory presumptions under the Negotiable Instruments Act arose that the cheque was issued for consideration and towards a legally enforceable debt or liability. The accused had to rebut those presumptions by raising a probable defence on a preponderance of probabilities, but a bare denial, an unsupported plea of a smaller loan, or a challenge to the complainant's financial capacity was insufficient. As the accused led no evidence and failed to substantiate the cheque being blank or limited to a smaller amount, the presumptions remained unrebutted and the acquittal under dishonour of cheque provisions was unsustainable. en-us Wed, 31 May 2017 00:00:00 +0530 Fri, 16 Jun 2017 09:04:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344381 Where execution of the cheque and the complainant's status as payee were admitted, the statutory presumptions under the Negotiable Instruments Act arose that the cheque was issued for consideration and towards a legally enforceable debt or liability. The accused had to rebut those presumptions by raising a probable defence on a preponderance of probabilities, but a bare denial, an unsupported plea of a smaller loan, or a challenge to the complainant's financial capacity was insufficient. As the accused led no evidence and failed to substantiate the cheque being blank or limited to a smaller amount, the presumptions remained unrebutted and the acquittal under dishonour of cheque provisions was unsustainable. Case-Laws Indian Laws Wed, 31 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344381