https://www.taxtmi.com/caselaws?id=450392 Karnataka HC dismissed an appeal in a dishonored cheque case under Section 138 NI Act. The complainant alleged giving Rs.4,50,000 as hand loan in June 2012, but evidence showed payment of Rs.3 lakhs by cheque in July 2009 and Rs.1,50,000 cash, creating contradictory versions. The complainant failed to establish nexus between earlier transactions and the dishonored cheque, and provided inconsistent testimony about payment installments without documentary proof. The trial court correctly found that complainant failed to prove the accused issued the cheque for lawful discharge of debt, as the possibility of complainant obtaining the cheque from earlier unrelated transactions could not be ruled out. en-us Fri, 23 Feb 2024 00:00:00 +0530 Tue, 05 Mar 2024 08:54:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450392 Karnataka HC dismissed an appeal in a dishonored cheque case under Section 138 NI Act. The complainant alleged giving Rs.4,50,000 as hand loan in June 2012, but evidence showed payment of Rs.3 lakhs by cheque in July 2009 and Rs.1,50,000 cash, creating contradictory versions. The complainant failed to establish nexus between earlier transactions and the dishonored cheque, and provided inconsistent testimony about payment installments without documentary proof. The trial court correctly found that complainant failed to prove the accused issued the cheque for lawful discharge of debt, as the possibility of complainant obtaining the cheque from earlier unrelated transactions could not be ruled out. Case-Laws Indian Laws Fri, 23 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450392