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    <title>2020 (1) TMI 1645 - BOMBAY HIGH COURT</title>
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    <description>The court dismissed the appeal challenging the Judicial Magistrate&#039;s judgment in a case under Section 138 of the Negotiable Instrument Act. The respondent successfully rebutted the presumption under Section 139 by presenting evidence of misappropriation, inconsistencies in loan application dates, and lack of proof of agreement. The court found the appellant failed to establish guilt beyond a reasonable doubt, leading to the respondent&#039;s acquittal of the offense. The decision upheld the respondent&#039;s defense and concluded there was insufficient evidence to support the appellant&#039;s case.</description>
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      <link>https://www.taxtmi.com/caselaws?id=308568</link>
      <description>The court dismissed the appeal challenging the Judicial Magistrate&#039;s judgment in a case under Section 138 of the Negotiable Instrument Act. The respondent successfully rebutted the presumption under Section 139 by presenting evidence of misappropriation, inconsistencies in loan application dates, and lack of proof of agreement. The court found the appellant failed to establish guilt beyond a reasonable doubt, leading to the respondent&#039;s acquittal of the offense. The decision upheld the respondent&#039;s defense and concluded there was insufficient evidence to support the appellant&#039;s case.</description>
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