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    <title>2021 (6) TMI 550 - CALCUTTA HIGH COURT</title>
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    <description>Section 139 of the Negotiable Instruments Act creates a mandatory reverse-onus presumption in favour of the cheque holder, and that presumption extends to the existence of a legally enforceable debt or liability. It remains rebuttable, with the accused required only to raise a probable defence on a preponderance of probabilities, not prove innocence beyond reasonable doubt. The discussion also notes that admitted signatures and transactions, without credible supporting material, are insufficient to rebut the presumption, and that a claimed defect in cognizance under the Code of Criminal Procedure will not vitiate the complaint where the record shows cognizance was in fact taken.</description>
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    <pubDate>Tue, 02 Mar 2021 00:00:00 +0530</pubDate>
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      <title>2021 (6) TMI 550 - CALCUTTA HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=408654</link>
      <description>Section 139 of the Negotiable Instruments Act creates a mandatory reverse-onus presumption in favour of the cheque holder, and that presumption extends to the existence of a legally enforceable debt or liability. It remains rebuttable, with the accused required only to raise a probable defence on a preponderance of probabilities, not prove innocence beyond reasonable doubt. The discussion also notes that admitted signatures and transactions, without credible supporting material, are insufficient to rebut the presumption, and that a claimed defect in cognizance under the Code of Criminal Procedure will not vitiate the complaint where the record shows cognizance was in fact taken.</description>
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