https://www.taxtmi.com/caselaws?id=756376 Delhi HC dismissed leave petition against acquittal in dishonour of cheque case under NI Act. Trial court (MM) correctly found petitioner failed to substantiate Rs. 9,00,000 cash loan claim and pro-note was irrelevant. Respondent successfully rebutted presumption under Section 139 read with Section 118 through witness testimony proving cheques were handed to third party. Petitioner's financial incapacity made case improbable. HC held acquittal strengthens presumption of innocence and appellate court should be slow to reverse trial court acquittal. No grounds found for granting leave. en-us Thu, 11 Jul 2024 00:00:00 +0530 Fri, 02 Aug 2024 08:10:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756376 Delhi HC dismissed leave petition against acquittal in dishonour of cheque case under NI Act. Trial court (MM) correctly found petitioner failed to substantiate Rs. 9,00,000 cash loan claim and pro-note was irrelevant. Respondent successfully rebutted presumption under Section 139 read with Section 118 through witness testimony proving cheques were handed to third party. Petitioner's financial incapacity made case improbable. HC held acquittal strengthens presumption of innocence and appellate court should be slow to reverse trial court acquittal. No grounds found for granting leave. Case-Laws Indian Laws Thu, 11 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756376