https://www.taxtmi.com/caselaws?id=424529 The High Court overturned the Appellate Court's decision and upheld the Trial Court's acquittal of the accused in a case involving the dishonour of cheques issued to discharge a loan. The High Court found that the accused successfully rebutted the presumption under Section 139 of the Negotiable Instruments Act by demonstrating the nature of the transaction through an agreement, leading to the dismissal of the complaints. The accused's revision petitions were allowed, fines were ordered to be returned, and the acquittal was confirmed. en-us Wed, 22 Jun 2022 00:00:00 +0530 Mon, 04 Jul 2022 09:06:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424529 The High Court overturned the Appellate Court's decision and upheld the Trial Court's acquittal of the accused in a case involving the dishonour of cheques issued to discharge a loan. The High Court found that the accused successfully rebutted the presumption under Section 139 of the Negotiable Instruments Act by demonstrating the nature of the transaction through an agreement, leading to the dismissal of the complaints. The accused's revision petitions were allowed, fines were ordered to be returned, and the acquittal was confirmed. Case-Laws Indian Laws Wed, 22 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424529