https://www.taxtmi.com/highlights?id=73600 Dishonour of Cheque - insufficient funds - When once issuance of cheque is proved, the presumption under Section 138 of N.I.Act would arise with regard to consideration. But the accused has not discharged the debt in question. Whether the accused has issued cheque for repayment of loan or as security or it was discharged prior to the current transaction, makes no difference under Section 138 of the N.I.Act. The legal consequence reamaining same without any distinction. - HC en-us Sat, 16 Dec 2023 12:03:30 +0530 Sat, 16 Dec 2023 12:03:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73600 Dishonour of Cheque - insufficient funds - When once issuance of cheque is proved, the presumption under Section 138 of N.I.Act would arise with regard to consideration. But the accused has not discharged the debt in question. Whether the accused has issued cheque for repayment of loan or as security or it was discharged prior to the current transaction, makes no difference under Section 138 of the N.I.Act. The legal consequence reamaining same without any distinction. - HC Highlights Indian Laws Sat, 16 Dec 2023 12:03:30 +0530 https://www.taxtmi.com/highlights?id=73600