https://www.taxtmi.com/highlights?id=56587 Dishonor of Cheque - Insufficiency of funds - The petitioner has not been able to discharge the initial burden on him to rebut the presumption under Section 118 of the N.I. Act. The fact that the petitioner took financial assistance from the respondent is admitted. The petitioner has not been able to show as to how there was no subsisting debt on the date when the cheques were dishonoured due to insufficiency of funds - HC en-us Fri, 05 Feb 2021 06:27:38 +0530 Fri, 05 Feb 2021 06:27:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56587 Dishonor of Cheque - Insufficiency of funds - The petitioner has not been able to discharge the initial burden on him to rebut the presumption under Section 118 of the N.I. Act. The fact that the petitioner took financial assistance from the respondent is admitted. The petitioner has not been able to show as to how there was no subsisting debt on the date when the cheques were dishonoured due to insufficiency of funds - HC Highlights Indian Laws Fri, 05 Feb 2021 06:27:38 +0530 https://www.taxtmi.com/highlights?id=56587