https://www.taxtmi.com/caselaws?id=311041 SC set aside HC order that had acquitted accused in dishonour of cheque case. Court held that once cheque is signed and issued, statutory presumption under Section 139 of NI Act operates that it was issued to discharge legally enforceable debt. Respondent failed to rebut this presumption with credible evidence despite admitting to signing cheques and promissory note. Trial court's conviction and fine order was restored as appellants proved cheques were issued towards existing liability through overwhelming evidence. en-us Tue, 31 Jul 2018 00:00:00 +0530 Mon, 04 Dec 2023 21:17:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311041 SC set aside HC order that had acquitted accused in dishonour of cheque case. Court held that once cheque is signed and issued, statutory presumption under Section 139 of NI Act operates that it was issued to discharge legally enforceable debt. Respondent failed to rebut this presumption with credible evidence despite admitting to signing cheques and promissory note. Trial court's conviction and fine order was restored as appellants proved cheques were issued towards existing liability through overwhelming evidence. Case-Laws Indian Laws Tue, 31 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311041