https://www.taxtmi.com/caselaws?id=397988 In a prosecution under the Negotiable Instruments Act, the Madhya Pradesh HC reiterated that once execution and signature on a cheque are admitted, the statutory presumptions under Sections 118 and 139 arise in favour of the holder that the cheque was issued for consideration and in discharge of a legally enforceable debt or liability. That presumption is rebuttable, but the accused must produce cogent evidence showing absence of liability or discharge of the debt. A bare claim that the cheque was only a security instrument, without supporting proof, was insufficient, and the acquittal was found unsustainable. en-us Thu, 27 Feb 2020 00:00:00 +0530 Fri, 04 Sep 2020 11:07:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397988 In a prosecution under the Negotiable Instruments Act, the Madhya Pradesh HC reiterated that once execution and signature on a cheque are admitted, the statutory presumptions under Sections 118 and 139 arise in favour of the holder that the cheque was issued for consideration and in discharge of a legally enforceable debt or liability. That presumption is rebuttable, but the accused must produce cogent evidence showing absence of liability or discharge of the debt. A bare claim that the cheque was only a security instrument, without supporting proof, was insufficient, and the acquittal was found unsustainable. Case-Laws Indian Laws Thu, 27 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397988