https://www.taxtmi.com/caselaws?id=289762 The Supreme Court overturned the High Court's decision to quash proceedings in a case involving a dishonored cheque for a time-barred debt under Section 138 of the Negotiable Instruments Act. The Court emphasized that determining the legality of the debt required evidence and should be examined during trial, rejecting the High Court's reasoning for quashing the complaint based solely on the debt being time-barred. The Court highlighted the need for a detailed examination of facts and clarified the rebuttable nature of the presumption favoring the complainant under Section 139 of the Act. The case was remanded for further proceedings. en-us Tue, 15 Jul 2014 00:00:00 +0530 Thu, 20 Aug 2020 08:26:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289762 The Supreme Court overturned the High Court's decision to quash proceedings in a case involving a dishonored cheque for a time-barred debt under Section 138 of the Negotiable Instruments Act. The Court emphasized that determining the legality of the debt required evidence and should be examined during trial, rejecting the High Court's reasoning for quashing the complaint based solely on the debt being time-barred. The Court highlighted the need for a detailed examination of facts and clarified the rebuttable nature of the presumption favoring the complainant under Section 139 of the Act. The case was remanded for further proceedings. Case-Laws Indian Laws Tue, 15 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289762