https://www.taxtmi.com/caselaws?id=752608 The SC dismissed a petition in a cheque dishonour case under the NI Act. The HC found that the alleged debt for which cheques were issued did not appear in petitioner's balance-sheet, and other firm partners failed to testify about advancing funds to the accused. The accused provided plausible defence regarding why petitioner's funds were in her account. Both appellate courts found no enforceable debt or liability existed, undermining petitioner's case foundation. The SC upheld the HC's evidence-based decision without examining individual precedents cited by counsel. en-us Tue, 09 Apr 2024 00:00:00 +0530 Tue, 14 May 2024 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752608 The SC dismissed a petition in a cheque dishonour case under the NI Act. The HC found that the alleged debt for which cheques were issued did not appear in petitioner's balance-sheet, and other firm partners failed to testify about advancing funds to the accused. The accused provided plausible defence regarding why petitioner's funds were in her account. Both appellate courts found no enforceable debt or liability existed, undermining petitioner's case foundation. The SC upheld the HC's evidence-based decision without examining individual precedents cited by counsel. Case-Laws Indian Laws Tue, 09 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752608