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    <title>2018 (9) TMI 506 - MADRAS HIGH COURT</title>
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    <description>In a prosecution under Section 138 of the Negotiable Instruments Act, the Court held that the statutory presumptions under Sections 118(a) and 139 remain rebuttable and may be displaced on a preponderance of probabilities. The accused successfully raised a probable defence by pointing to the cheque counterfoil, prior use of the cheque, and the absence of independent proof of the complainant&#039;s financial capacity or the alleged loan transaction. The complainant&#039;s failure to produce supporting documents, together with his admissions, weakened the claim of a legally enforceable debt. In an appeal against acquittal, the double presumption of innocence also required restraint, and the trial court&#039;s view was not shown to be unreasonable. The acquittal was therefore left undisturbed.</description>
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    <pubDate>Fri, 31 Aug 2018 00:00:00 +0530</pubDate>
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      <title>2018 (9) TMI 506 - MADRAS HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=366770</link>
      <description>In a prosecution under Section 138 of the Negotiable Instruments Act, the Court held that the statutory presumptions under Sections 118(a) and 139 remain rebuttable and may be displaced on a preponderance of probabilities. The accused successfully raised a probable defence by pointing to the cheque counterfoil, prior use of the cheque, and the absence of independent proof of the complainant&#039;s financial capacity or the alleged loan transaction. The complainant&#039;s failure to produce supporting documents, together with his admissions, weakened the claim of a legally enforceable debt. In an appeal against acquittal, the double presumption of innocence also required restraint, and the trial court&#039;s view was not shown to be unreasonable. The acquittal was therefore left undisturbed.</description>
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      <pubDate>Fri, 31 Aug 2018 00:00:00 +0530</pubDate>
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