https://www.taxtmi.com/caselaws?id=304207 The court held that the cheque was issued as security, not for an existing debt, thus not falling under Section 138. The respondent rebutted the presumption under Section 139. The High Court upheld the acquittal, stating the lower court's findings were not perverse or unreasonable. en-us Wed, 29 Jun 2005 00:00:00 +0530 Tue, 13 Sep 2022 14:37:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304207 The court held that the cheque was issued as security, not for an existing debt, thus not falling under Section 138. The respondent rebutted the presumption under Section 139. The High Court upheld the acquittal, stating the lower court's findings were not perverse or unreasonable. Case-Laws Indian Laws Wed, 29 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304207