https://www.taxtmi.com/caselaws?id=304331 In a complaint under Section 138 of the Negotiable Instruments Act, leave to appeal against acquittal was refused because the complainant failed to prove a legally enforceable debt. The alleged loan was based on Bahi entries and incomplete accounts, which did not satisfactorily establish advancement of money, the basis of liability, or the outstanding balance. The complainant also admitted money-lending without the licence required under the Punjab Registration of Money-lenders Act, 1938, so recovery of the loan could not be enforced in the manner claimed. The acquittal was not shown to be illegal, perverse, or without jurisdiction. en-us Thu, 13 Nov 2014 00:00:00 +0530 Wed, 21 Sep 2022 07:37:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304331 In a complaint under Section 138 of the Negotiable Instruments Act, leave to appeal against acquittal was refused because the complainant failed to prove a legally enforceable debt. The alleged loan was based on Bahi entries and incomplete accounts, which did not satisfactorily establish advancement of money, the basis of liability, or the outstanding balance. The complainant also admitted money-lending without the licence required under the Punjab Registration of Money-lenders Act, 1938, so recovery of the loan could not be enforced in the manner claimed. The acquittal was not shown to be illegal, perverse, or without jurisdiction. Case-Laws Indian Laws Thu, 13 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304331