https://www.taxtmi.com/caselaws?id=395496 A cheque described as security does not, by itself, displace the statutory presumption under Sections 118 and 139 of the Negotiable Instruments Act once execution and signature are admitted. The accused must raise a probable defence and lead evidence showing that no legally enforceable liability existed or that the debt had been discharged; mere assertion is insufficient. On the facts, the accused admitted issuance and signature but produced no rebuttal evidence, so the acquittal was held unsustainable. The complaint was allowed and the cheque-related liability, including compensation, was affirmed. en-us Thu, 27 Feb 2020 00:00:00 +0530 Mon, 25 May 2020 17:11:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395496 A cheque described as security does not, by itself, displace the statutory presumption under Sections 118 and 139 of the Negotiable Instruments Act once execution and signature are admitted. The accused must raise a probable defence and lead evidence showing that no legally enforceable liability existed or that the debt had been discharged; mere assertion is insufficient. On the facts, the accused admitted issuance and signature but produced no rebuttal evidence, so the acquittal was held unsustainable. The complaint was allowed and the cheque-related liability, including compensation, was affirmed. Case-Laws Indian Laws Thu, 27 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395496