https://www.taxtmi.com/caselaws?id=308066 Cheques issued after a loan was advanced were not treated as mere security cheques, because the complainant's evidence showed an existing debt and the accused admitted issuance of the cheques but led no evidence to rebut the claim. The statutory presumptions under Sections 118(a) and 139 of the Negotiable Instruments Act operated in favour of the holder, and the accused failed to establish a probable defence to displace them. On that evidence, liability under Section 138 was made out, and the conviction was upheld with no basis for revisional interference. en-us Mon, 05 Sep 2016 00:00:00 +0530 Sun, 28 May 2023 22:18:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308066 Cheques issued after a loan was advanced were not treated as mere security cheques, because the complainant's evidence showed an existing debt and the accused admitted issuance of the cheques but led no evidence to rebut the claim. The statutory presumptions under Sections 118(a) and 139 of the Negotiable Instruments Act operated in favour of the holder, and the accused failed to establish a probable defence to displace them. On that evidence, liability under Section 138 was made out, and the conviction was upheld with no basis for revisional interference. Case-Laws Indian Laws Mon, 05 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308066