https://www.taxtmi.com/caselaws?id=306736 The Supreme Court granted leave to appeal against the High Court's judgment that dismissed the appellant's appeal in a case involving Sections 118 and 139 of the Negotiable Instruments Act, 1881. The Supreme Court disagreed with the High Court's reasoning, emphasizing the rebuttable nature of the presumption under Section 139. The Court highlighted the burden on the respondent to prove the debt was not due, citing relevant precedents. The Supreme Court set aside the High Court's judgment, remanding the matter for further consideration, instructing a reevaluation of evidence in light of the appellant's entitlement to the presumption under Section 139. en-us Thu, 10 Nov 2022 00:00:00 +0530 Wed, 22 Feb 2023 08:49:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306736 The Supreme Court granted leave to appeal against the High Court's judgment that dismissed the appellant's appeal in a case involving Sections 118 and 139 of the Negotiable Instruments Act, 1881. The Supreme Court disagreed with the High Court's reasoning, emphasizing the rebuttable nature of the presumption under Section 139. The Court highlighted the burden on the respondent to prove the debt was not due, citing relevant precedents. The Supreme Court set aside the High Court's judgment, remanding the matter for further consideration, instructing a reevaluation of evidence in light of the appellant's entitlement to the presumption under Section 139. Case-Laws Indian Laws Thu, 10 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306736