https://www.taxtmi.com/caselaws?id=308557 The High Court upheld the trial court's judgment of acquittal, ruling that the appellant failed to establish the cheque was issued for a legally enforceable debt and lacked the financial capacity to lend the amount. The respondent successfully rebutted the presumption under section 139 of the Negotiable Instruments Act by presenting a plausible defense. Consequently, the appeal was dismissed, and the acquittal judgment was affirmed. en-us Fri, 03 Aug 2012 00:00:00 +0530 Tue, 04 Jul 2023 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308557 The High Court upheld the trial court's judgment of acquittal, ruling that the appellant failed to establish the cheque was issued for a legally enforceable debt and lacked the financial capacity to lend the amount. The respondent successfully rebutted the presumption under section 139 of the Negotiable Instruments Act by presenting a plausible defense. Consequently, the appeal was dismissed, and the acquittal judgment was affirmed. Case-Laws Indian Laws Fri, 03 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308557