https://www.taxtmi.com/caselaws?id=346079 The appeals were dismissed, upholding the acquittal verdict in two cases involving dishonored cheques. The respondent successfully rebutted the presumption of debt under the Negotiable Instruments Act by providing evidence supporting the cheques as security for a property deal. The appellant's failure to prove the existence of a legally enforceable debt weakened their case, as the Court found the evidence insufficient to establish the debt under Section 138 of the Act. The Court declined to interfere with the Trial Court's judgment of acquittal, citing established principles and precedents. en-us Mon, 31 Jul 2017 00:00:00 +0530 Fri, 04 Aug 2017 07:00:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346079 The appeals were dismissed, upholding the acquittal verdict in two cases involving dishonored cheques. The respondent successfully rebutted the presumption of debt under the Negotiable Instruments Act by providing evidence supporting the cheques as security for a property deal. The appellant's failure to prove the existence of a legally enforceable debt weakened their case, as the Court found the evidence insufficient to establish the debt under Section 138 of the Act. The Court declined to interfere with the Trial Court's judgment of acquittal, citing established principles and precedents. Case-Laws Indian Laws Mon, 31 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346079