https://www.taxtmi.com/caselaws?id=406535 In cheque dishonour prosecutions involving a company, the complainant must first establish foundational facts showing a legally enforceable debt or liability before the statutory presumption arises. The text notes that unsupported cash loan claims, absence of financial records, and evidence of withdrawal of signatory authority can rebut the presumption on a preponderance of probabilities. It also states that vicarious liability requires specific pleadings and proof that directors or signatories were in charge of and responsible for the company's business at the relevant time. Further, an alleged lending transaction may be unenforceable under the Goa Money-Lenders Act if statutory registration or compliance is not shown. en-us Wed, 17 Mar 2021 00:00:00 +0530 Fri, 16 Apr 2021 08:56:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406535 In cheque dishonour prosecutions involving a company, the complainant must first establish foundational facts showing a legally enforceable debt or liability before the statutory presumption arises. The text notes that unsupported cash loan claims, absence of financial records, and evidence of withdrawal of signatory authority can rebut the presumption on a preponderance of probabilities. It also states that vicarious liability requires specific pleadings and proof that directors or signatories were in charge of and responsible for the company's business at the relevant time. Further, an alleged lending transaction may be unenforceable under the Goa Money-Lenders Act if statutory registration or compliance is not shown. Case-Laws Indian Laws Wed, 17 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406535