https://www.taxtmi.com/caselaws?id=446225 Once execution of the cheque is proved, the Section 139 presumption of liability operates in favour of the complainant, and the accused must rebut it with credible evidence. A cheque issued towards an admitted business liability was dishonoured, notice was served, and no timely payment followed; the defence that it was only a security cheque was rejected for lack of supporting material, particularly in light of bank evidence and business documents. Mere denial or a probable explanation was insufficient to displace the statutory presumption. The acquittal was set aside and the conviction and compensation under Section 138 of the Negotiable Instruments Act were restored. en-us Fri, 13 Oct 2023 00:00:00 +0530 Wed, 29 Nov 2023 07:31:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446225 Once execution of the cheque is proved, the Section 139 presumption of liability operates in favour of the complainant, and the accused must rebut it with credible evidence. A cheque issued towards an admitted business liability was dishonoured, notice was served, and no timely payment followed; the defence that it was only a security cheque was rejected for lack of supporting material, particularly in light of bank evidence and business documents. Mere denial or a probable explanation was insufficient to displace the statutory presumption. The acquittal was set aside and the conviction and compensation under Section 138 of the Negotiable Instruments Act were restored. Case-Laws Indian Laws Fri, 13 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446225