https://www.taxtmi.com/caselaws?id=414871 The High Court allowed the appeal, quashing the Additional Sessions Judge's judgment and upholding the Judicial Magistrate First Class, Ponda's decision. The Court found the appellant's evidence regarding the withdrawal of Rs. 4 lakhs and the respondent's failure to substantiate his defense convincing. The Appellate Court's determination that the appellant was an unregistered moneylender was deemed incorrect, with the High Court emphasizing the statutory presumption under Section 139 of the Negotiable Instruments Act in favor of the appellant. en-us Tue, 16 Nov 2021 00:00:00 +0530 Fri, 19 Nov 2021 09:17:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414871 The High Court allowed the appeal, quashing the Additional Sessions Judge's judgment and upholding the Judicial Magistrate First Class, Ponda's decision. The Court found the appellant's evidence regarding the withdrawal of Rs. 4 lakhs and the respondent's failure to substantiate his defense convincing. The Appellate Court's determination that the appellant was an unregistered moneylender was deemed incorrect, with the High Court emphasizing the statutory presumption under Section 139 of the Negotiable Instruments Act in favor of the appellant. Case-Laws Indian Laws Tue, 16 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414871