https://www.taxtmi.com/caselaws?id=456177 Delhi HC dismissed petition challenging acquittal under Section 138 NI Act for cheque dishonour. Cheques were initially dishonoured due to insufficient funds, but prosecution was initiated only after third dishonour due to stop payment instructions. Court held that while stop payment dishonour is covered under Section 138, presumption is rebuttable. Accused successfully demonstrated bona fide reasons for stop payment due to litigation restraint orders on subject properties. Trial court's acquittal finding no criminal liability was upheld as legally sound. en-us Wed, 23 Apr 2014 00:00:00 +0530 Thu, 04 Jul 2024 23:20:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456177 Delhi HC dismissed petition challenging acquittal under Section 138 NI Act for cheque dishonour. Cheques were initially dishonoured due to insufficient funds, but prosecution was initiated only after third dishonour due to stop payment instructions. Court held that while stop payment dishonour is covered under Section 138, presumption is rebuttable. Accused successfully demonstrated bona fide reasons for stop payment due to litigation restraint orders on subject properties. Trial court's acquittal finding no criminal liability was upheld as legally sound. Case-Laws Indian Laws Wed, 23 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456177