https://www.taxtmi.com/caselaws?id=381741 A cheque issued in a vehicle purchase transaction was treated as enforceable despite the defence that it was only a security cheque, because the cheque, agreement, dishonour memo and notice were proved and the accused failed to rebut the statutory presumption or show repayment. The complainant's ownership objection did not displace liability where the accused had acted on the agreement and made part payment with knowledge of the arrangement. The conviction under the Negotiable Instruments Act was therefore upheld, while the monetary relief was modified by increasing the amount payable as compensation through a fine structure. en-us Wed, 12 Jun 2019 00:00:00 +0530 Tue, 18 Jun 2019 05:51:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381741 A cheque issued in a vehicle purchase transaction was treated as enforceable despite the defence that it was only a security cheque, because the cheque, agreement, dishonour memo and notice were proved and the accused failed to rebut the statutory presumption or show repayment. The complainant's ownership objection did not displace liability where the accused had acted on the agreement and made part payment with knowledge of the arrangement. The conviction under the Negotiable Instruments Act was therefore upheld, while the monetary relief was modified by increasing the amount payable as compensation through a fine structure. Case-Laws Indian Laws Wed, 12 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381741