https://www.taxtmi.com/caselaws?id=298683 The court acquitted the accused of charges under section 138 of the Negotiable Instruments Act, setting aside the conviction and sentence. The defense successfully raised doubts about the existence of a legally enforceable debt of Rs. 12,00,000, highlighting inconsistencies in the complainant's testimony and lack of specific details about the loan transaction. The court emphasized that the presumption of a legally enforceable debt under section 139 is rebuttable and found that the partial payments made by the accused were not properly accounted for in the complainant's claim. en-us Mon, 28 Feb 2011 00:00:00 +0530 Mon, 15 Nov 2021 12:53:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298683 The court acquitted the accused of charges under section 138 of the Negotiable Instruments Act, setting aside the conviction and sentence. The defense successfully raised doubts about the existence of a legally enforceable debt of Rs. 12,00,000, highlighting inconsistencies in the complainant's testimony and lack of specific details about the loan transaction. The court emphasized that the presumption of a legally enforceable debt under section 139 is rebuttable and found that the partial payments made by the accused were not properly accounted for in the complainant's claim. Case-Laws Indian Laws Mon, 28 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298683