https://www.taxtmi.com/caselaws?id=299418 The court dismissed the appeals, finding that the accused successfully rebutted the presumption under Section 139 of the Negotiable Instruments Act. The court determined that the cheques were issued as security for consultancy fees, not towards loan repayment. The complainant's failure to substantiate the loan disbursement claim and the excessive amounts on the cheques resulted in the complaints being dismissed under Section 138 of the Act. en-us Fri, 21 Jul 2006 00:00:00 +0530 Tue, 14 Dec 2021 11:23:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299418 The court dismissed the appeals, finding that the accused successfully rebutted the presumption under Section 139 of the Negotiable Instruments Act. The court determined that the cheques were issued as security for consultancy fees, not towards loan repayment. The complainant's failure to substantiate the loan disbursement claim and the excessive amounts on the cheques resulted in the complaints being dismissed under Section 138 of the Act. Case-Laws Indian Laws Fri, 21 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299418