https://www.taxtmi.com/caselaws?id=450440 Punjab & Haryana HC dismissed petitioner's revision in dishonour of cheque case. Petitioner admitted signature on cheques but claimed complainant misused them and lacked financial capacity to lend the amount. Court held that once signature is undisputed, Section 139 NI Act creates rebuttable presumption favoring complainant. Petitioner failed to discharge burden of rebutting presumption on preponderance of probabilities. Court found complainant's financial capacity established and petitioner's defense improbable. Trial and appellate courts correctly applied legal presumption principles. en-us Mon, 26 Feb 2024 00:00:00 +0530 Wed, 06 Mar 2024 06:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450440 Punjab & Haryana HC dismissed petitioner's revision in dishonour of cheque case. Petitioner admitted signature on cheques but claimed complainant misused them and lacked financial capacity to lend the amount. Court held that once signature is undisputed, Section 139 NI Act creates rebuttable presumption favoring complainant. Petitioner failed to discharge burden of rebutting presumption on preponderance of probabilities. Court found complainant's financial capacity established and petitioner's defense improbable. Trial and appellate courts correctly applied legal presumption principles. Case-Laws Indian Laws Mon, 26 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450440