https://www.taxtmi.com/caselaws?id=442429 Admission of the signatures on the cheques attracted the presumptions under Sections 118 and 139 of the Negotiable Instruments Act, 1881 that they were issued for consideration and in discharge of a legally enforceable debt or liability. The cheques were presented within time, dishonoured for insufficiency of funds, and statutory notice was duly issued and served, satisfying the ingredients of Section 138. The defence failed to rebut the presumptions, as the evidence led did not establish that the cheques were merely security instruments or that no liability existed. The conviction under Section 138 was therefore upheld. en-us Fri, 25 Aug 2023 00:00:00 +0530 Sat, 02 Sep 2023 07:48:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442429 Admission of the signatures on the cheques attracted the presumptions under Sections 118 and 139 of the Negotiable Instruments Act, 1881 that they were issued for consideration and in discharge of a legally enforceable debt or liability. The cheques were presented within time, dishonoured for insufficiency of funds, and statutory notice was duly issued and served, satisfying the ingredients of Section 138. The defence failed to rebut the presumptions, as the evidence led did not establish that the cheques were merely security instruments or that no liability existed. The conviction under Section 138 was therefore upheld. Case-Laws Indian Laws Fri, 25 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442429