https://www.taxtmi.com/caselaws?id=456168 The court dismissed the petition, affirming the maintainability of the complaint under Section 138 of the Negotiable Instruments Act. It concluded that the cheque, initially issued as security, became enforceable due to the petitioner's failure to pay the debt. Statutory presumptions under Sections 118(a) and 139 applied, placing the burden on the petitioner to disprove the existence of debt or liability. The interim order was vacated, and no costs were awarded. en-us Tue, 03 Jul 2012 00:00:00 +0530 Thu, 04 Jul 2024 11:47:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456168 The court dismissed the petition, affirming the maintainability of the complaint under Section 138 of the Negotiable Instruments Act. It concluded that the cheque, initially issued as security, became enforceable due to the petitioner's failure to pay the debt. Statutory presumptions under Sections 118(a) and 139 applied, placing the burden on the petitioner to disprove the existence of debt or liability. The interim order was vacated, and no costs were awarded. Case-Laws Indian Laws Tue, 03 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456168