https://www.taxtmi.com/caselaws?id=313698 Statutory presumptions under the Negotiable Instruments Act arise in favour of the cheque holder once execution, signature, presentation, dishonour for insufficient funds and statutory notice are established. The drawer must rebut these presumptions by raising a probable defence on a preponderance of probabilities. A bare assertion that a cheque was issued as security, without supporting evidence, does not displace the presumption of a legally recoverable debt or liability. Service of notice may be inferred where the relevant facts support such inference. These principles govern liability for cheque dishonour. en-us Thu, 30 Aug 2018 00:00:00 +0530 Mon, 29 Apr 2024 19:02:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313698 Statutory presumptions under the Negotiable Instruments Act arise in favour of the cheque holder once execution, signature, presentation, dishonour for insufficient funds and statutory notice are established. The drawer must rebut these presumptions by raising a probable defence on a preponderance of probabilities. A bare assertion that a cheque was issued as security, without supporting evidence, does not displace the presumption of a legally recoverable debt or liability. Service of notice may be inferred where the relevant facts support such inference. These principles govern liability for cheque dishonour. Case-Laws Indian Laws Thu, 30 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313698