https://www.taxtmi.com/caselaws?id=449860 Where the accused admits execution of the cheque, the presumptions under Sections 118 and 139 of the Negotiable Instruments Act, 1881 arise in favour of the holder that the cheque was issued towards discharge of a debt or liability. Those presumptions can be displaced only by probable evidence on a preponderance of probabilities; mere denial, or an assertion that the cheques were blank or issued in good faith, is insufficient. On the record, cheque presentation within validity, dishonour for insufficiency of funds, timely notice, and filing within the prescribed period were established, and the accused produced no rebuttal evidence. The complaint was therefore legally maintainable and liability under Section 138 stood established. en-us Mon, 19 Feb 2024 00:00:00 +0530 Wed, 21 Feb 2024 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449860 Where the accused admits execution of the cheque, the presumptions under Sections 118 and 139 of the Negotiable Instruments Act, 1881 arise in favour of the holder that the cheque was issued towards discharge of a debt or liability. Those presumptions can be displaced only by probable evidence on a preponderance of probabilities; mere denial, or an assertion that the cheques were blank or issued in good faith, is insufficient. On the record, cheque presentation within validity, dishonour for insufficiency of funds, timely notice, and filing within the prescribed period were established, and the accused produced no rebuttal evidence. The complaint was therefore legally maintainable and liability under Section 138 stood established. Case-Laws Indian Laws Mon, 19 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449860