https://www.taxtmi.com/caselaws?id=757000 Delhi HC dismissed petition seeking leave to appeal against acquittal in cheque dishonour case under Section 138 NI Act. Respondent successfully rebutted statutory presumption under Section 139 by establishing plausible defence on preponderance of probabilities that cheques were not issued for legally enforceable debt. Court found respondent's possession of property transfer documents, petitioner's failure to prove separate transactions, and doubts over petitioner's financial capacity created reasonable doubt. Trial court's acquittal was upheld as respondent discharged evidentiary burden while petitioner failed to prove case after presumption was rebutted. en-us Wed, 31 Jul 2024 00:00:00 +0530 Wed, 14 Aug 2024 08:31:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757000 Delhi HC dismissed petition seeking leave to appeal against acquittal in cheque dishonour case under Section 138 NI Act. Respondent successfully rebutted statutory presumption under Section 139 by establishing plausible defence on preponderance of probabilities that cheques were not issued for legally enforceable debt. Court found respondent's possession of property transfer documents, petitioner's failure to prove separate transactions, and doubts over petitioner's financial capacity created reasonable doubt. Trial court's acquittal was upheld as respondent discharged evidentiary burden while petitioner failed to prove case after presumption was rebutted. Case-Laws Indian Laws Wed, 31 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757000