https://www.taxtmi.com/caselaws?id=392185 SC reversed HC and Metropolitan Magistrate's acquittal of accused under Section 138 of Negotiable Instruments Act. Accused admitted issuing cheques bearing his signature and reissuing after earlier dishonor. Court held Section 139 creates rebuttable presumption of legally enforceable debt. Accused failed to lead evidence proving full payment to complainant. Lower courts erred in not properly considering statutory presumption favoring complainant. Accused's claim that cheques were given as security was unbelievable without supporting evidence. Appeal allowed in favor of appellant. en-us Fri, 14 Feb 2020 00:00:00 +0530 Wed, 16 Jul 2025 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392185 SC reversed HC and Metropolitan Magistrate's acquittal of accused under Section 138 of Negotiable Instruments Act. Accused admitted issuing cheques bearing his signature and reissuing after earlier dishonor. Court held Section 139 creates rebuttable presumption of legally enforceable debt. Accused failed to lead evidence proving full payment to complainant. Lower courts erred in not properly considering statutory presumption favoring complainant. Accused's claim that cheques were given as security was unbelievable without supporting evidence. Appeal allowed in favor of appellant. Case-Laws Indian Laws Fri, 14 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392185