https://www.taxtmi.com/caselaws?id=397741 Proof of execution of a cheque attracts the statutory presumption of consideration and legally enforceable liability under the Negotiable Instruments Act, and the accused must rebut that presumption by raising a probable defence. The defence of a hire purchase arrangement and a security cheque was held insufficient, as dishonour for insufficiency of funds, timely notice, and non-payment remained unshaken; the conviction was therefore sustained. Taking account of the accused's advanced age, bedridden condition, and lack of property, the Court modified the sentence and substituted imprisonment with a fine and default sentence, with the amount directed to be paid to the complainant. en-us Tue, 21 Jul 2020 00:00:00 +0530 Fri, 28 Aug 2020 11:39:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397741 Proof of execution of a cheque attracts the statutory presumption of consideration and legally enforceable liability under the Negotiable Instruments Act, and the accused must rebut that presumption by raising a probable defence. The defence of a hire purchase arrangement and a security cheque was held insufficient, as dishonour for insufficiency of funds, timely notice, and non-payment remained unshaken; the conviction was therefore sustained. Taking account of the accused's advanced age, bedridden condition, and lack of property, the Court modified the sentence and substituted imprisonment with a fine and default sentence, with the amount directed to be paid to the complainant. Case-Laws Indian Laws Tue, 21 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397741