https://www.taxtmi.com/caselaws?id=297117 Cheque dishonour prosecutions may be initiated by an authorised partner for transactions conducted in the partnership firm's business; a separate letter of authority is not essential where partner authorisation is established. Legally enforceable debt and lending capacity may be supported by the money-lender licence, partnership records, cash book, loan ledger and related accounts. The statutory presumption favouring the cheque holder continues unless rebutted by cogent evidence. A bare assertion that a cheque was security or reliance on an old printed cheque-leaf year, without independent supporting material, does not disprove issuance towards discharge of liability. en-us Fri, 21 Dec 2018 00:00:00 +0530 Thu, 19 Aug 2021 23:18:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297117 Cheque dishonour prosecutions may be initiated by an authorised partner for transactions conducted in the partnership firm's business; a separate letter of authority is not essential where partner authorisation is established. Legally enforceable debt and lending capacity may be supported by the money-lender licence, partnership records, cash book, loan ledger and related accounts. The statutory presumption favouring the cheque holder continues unless rebutted by cogent evidence. A bare assertion that a cheque was security or reliance on an old printed cheque-leaf year, without independent supporting material, does not disprove issuance towards discharge of liability. Case-Laws Indian Laws Fri, 21 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297117