https://www.taxtmi.com/caselaws?id=756764 The SC dismissed an appeal in a cheque dishonour case under Section 138 of the NI Act 1881. The court established that proceedings can be initiated even if the cheque was originally issued as security. Three essential conditions must be fulfilled: cheque presented within validity period, demand for payment made, and drawer's failure to pay within 15 days. While Section 139 creates a presumption when signature is admitted on a blank cheque, the respondent successfully rebutted this presumption through preponderance of probabilities. The concurrent findings were supported by detailed evidence appraisal, warranting no interference. en-us Wed, 07 Aug 2024 00:00:00 +0530 Thu, 08 Aug 2024 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756764 The SC dismissed an appeal in a cheque dishonour case under Section 138 of the NI Act 1881. The court established that proceedings can be initiated even if the cheque was originally issued as security. Three essential conditions must be fulfilled: cheque presented within validity period, demand for payment made, and drawer's failure to pay within 15 days. While Section 139 creates a presumption when signature is admitted on a blank cheque, the respondent successfully rebutted this presumption through preponderance of probabilities. The concurrent findings were supported by detailed evidence appraisal, warranting no interference. Case-Laws Indian Laws Wed, 07 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756764