https://www.taxtmi.com/caselaws?id=444876 In a prosecution under Section 138 of the Negotiable Instruments Act, the cheque was found to have been issued towards part payment of an admitted loan liability, dishonoured for insufficiency of funds, and followed by valid notice. Documentary evidence supported the complainant's case, and the accused's version that only part of the loan had been advanced did not rebut the statutory presumption under Section 118. The accused failed to establish a probable defence on the preponderance of probabilities, and the concurrent findings of guilt disclosed no revisional perversity. The conviction and sentence were therefore upheld, with no interference in revision warranted. en-us Fri, 13 Oct 2023 00:00:00 +0530 Thu, 26 Oct 2023 07:25:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444876 In a prosecution under Section 138 of the Negotiable Instruments Act, the cheque was found to have been issued towards part payment of an admitted loan liability, dishonoured for insufficiency of funds, and followed by valid notice. Documentary evidence supported the complainant's case, and the accused's version that only part of the loan had been advanced did not rebut the statutory presumption under Section 118. The accused failed to establish a probable defence on the preponderance of probabilities, and the concurrent findings of guilt disclosed no revisional perversity. The conviction and sentence were therefore upheld, with no interference in revision warranted. Case-Laws Indian Laws Fri, 13 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444876