https://www.taxtmi.com/caselaws?id=374330 The accused successfully rebutted the presumption under Sections 118 and 139 of the Negotiable Instruments Act by demonstrating that the cheque was issued for business transactions, not a hand loan. Insufficient evidence existed to prove a legally enforceable debt or liability, leading to the quashing of the conviction under Section 138 of the Act. The accused was acquitted, and any fine paid was ordered to be refunded. The court allowed the criminal revision application and made the rule absolute in favor of the accused. en-us Thu, 24 Jan 2019 00:00:00 +0530 Thu, 31 Jan 2019 06:53:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374330 The accused successfully rebutted the presumption under Sections 118 and 139 of the Negotiable Instruments Act by demonstrating that the cheque was issued for business transactions, not a hand loan. Insufficient evidence existed to prove a legally enforceable debt or liability, leading to the quashing of the conviction under Section 138 of the Act. The accused was acquitted, and any fine paid was ordered to be refunded. The court allowed the criminal revision application and made the rule absolute in favor of the accused. Case-Laws Indian Laws Thu, 24 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374330