https://www.taxtmi.com/caselaws?id=414663 In a cheque dishonour matter, the signature and dishonour being undisputed entitled the complainant to the statutory presumption of liability, but the presumption was rebuttable on a preponderance of probability. The defence that the cheques were issued only as security in the course of business was found probable on the record. Because the complainant did not produce account books, calculation details for the alleged interest component, or the person said to have handled the transactions, the alleged debt was not proved with sufficient certainty. The finding in favour of the accused was sustained and the complaint failed for want of proof of a legally enforceable debt. en-us Fri, 01 Oct 2021 00:00:00 +0530 Mon, 15 Nov 2021 09:06:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414663 In a cheque dishonour matter, the signature and dishonour being undisputed entitled the complainant to the statutory presumption of liability, but the presumption was rebuttable on a preponderance of probability. The defence that the cheques were issued only as security in the course of business was found probable on the record. Because the complainant did not produce account books, calculation details for the alleged interest component, or the person said to have handled the transactions, the alleged debt was not proved with sufficient certainty. The finding in favour of the accused was sustained and the complaint failed for want of proof of a legally enforceable debt. Case-Laws Indian Laws Fri, 01 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414663