https://www.taxtmi.com/caselaws?id=295081 The High Court upheld the trial court's judgment of acquittal in a case involving allegations under section 138 of the Negotiable Instruments Act. The court found that the first respondent successfully rebutted the presumption under section 139 of the Act by demonstrating that the cheque was obtained as security and not for the discharge of any debt. The appellant's failure to provide essential evidence and the inconsistencies in their statements led to the dismissal of the criminal appeal. en-us Mon, 23 Jan 2012 00:00:00 +0530 Tue, 18 May 2021 15:41:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295081 The High Court upheld the trial court's judgment of acquittal in a case involving allegations under section 138 of the Negotiable Instruments Act. The court found that the first respondent successfully rebutted the presumption under section 139 of the Act by demonstrating that the cheque was obtained as security and not for the discharge of any debt. The appellant's failure to provide essential evidence and the inconsistencies in their statements led to the dismissal of the criminal appeal. Case-Laws Indian Laws Mon, 23 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295081